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28 Sep 2019
When a competitive equilibrium is achieved in a market
A. all individuals are better off than they would be if a price ceiling or price floor were imposed by the government.
B. economic surplus equals the deadweight loss.
C. the total benefits to consumers are equal to the total benefits to producers.
D. the total net benefit to society is maximized.
When a competitive equilibrium is achieved in a market
A. all individuals are better off than they would be if a price ceiling or price floor were imposed by the government.
B. economic surplus equals the deadweight loss.
C. the total benefits to consumers are equal to the total benefits to producers.
D. the total net benefit to society is maximized.
Verified Answer
Darryn D'SouzaLv10
28 Sep 2019
19 Oct 2020
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