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Author Question: The figure above shows the t-shirt market. Market failure will occur in the t-shirt market if the ... (Read 350 times)

penguins

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on: May 24, 2019



The figure above shows the t-shirt market.  Market failure will occur in the t-shirt market if the quantity produced equals
◦ 20,000 because a deadweight loss occurs due to underproduction.
◦ 35,000 because a deadweight loss occurs due to overproduction.
◦ 30,000 because no profit is earned by firms.
◦ 30,000 because consumer surplus equals zero.
◦ both 20,000 because a deadweight loss occurs due to underproduction and 35,000 because a deadweight loss occurs due to overproduction. are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by penguins on May 24, 2019

ryhom

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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penguins

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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