This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: "A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and ... (Read 295 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Oct 5, 2019

"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and producer surplus." This statement


◦

is true only if there are no positive or negative externalities in the market.


◦

is true only if there are positive externalities in production in the market.


◦

is true only if there are no negative externalities in the market.


◦

is true in theory, but economic efficiency cannot be achieved in a real market.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by j.rubin on Oct 5, 2019

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Oct 5, 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.
Answer Preview
Only 65% of students answer this correctly


j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Oct 5, 2019
Thanks


guyanai

  • Sr. Member
  • ****
  • Posts: 349
Reply #3 on: Oct 5, 2019
Welcome :)


« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ... Early cities were small economic centers surrounded by walls to keep out enemies. These cities had ...
Economic and Social Development Economic and Social Development
From Farm to Consumer From Farm to Consumer
Economic objectives of firms Economic objectives of firms
economic question economic question
economic question economic question
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library