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Author Question: Which of the following is true? When there are no externalities, public goods, common resources, ... (Read 67 times)

littleanan

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on: May 24, 2019
Which of the following is true? When there are no externalities, public goods, common resources, taxes or subsidies, then
i.  allocative efficiency occurs when marginal benefit exceeds marginal cost by as much as possible.
ii.  an a competitive equilibrium, resource allocation is efficient.
iii.  fair rules require income transfers from the rich to the poor.
◦ only ii
◦ only i
◦ only iii
◦ i and ii
◦ i and iii
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by littleanan on May 24, 2019

Kingjoffery

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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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littleanan

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


Kingjoffery

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


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