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Author Question: A quantity less than the equilibrium quantity in a competitive market is inefficient because (Read 131 times)

123654777

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on: May 24, 2019
A quantity less than the equilibrium quantity in a competitive market is inefficient because
◦ the marginal benefit of another unit is greater than its marginal cost.
◦ too much of the good is being produced.
◦ the marginal cost of another unit is greater than its marginal benefit.
◦ the marginal benefit of another unit is not equal to zero.
◦ the marginal benefit is not maximized.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by 123654777 on May 24, 2019

britb2u

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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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123654777

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Reply #2 on: May 24, 2019
Thank you!


britb2u

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Reply #3 on: May 24, 2019
Always glad to help...


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