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lemoneel121Lv1
18 Aug 2020
A result of welfare economics is that the equilibrium price of a product is considered to be the best price because it
A. maximizes both the total revenue for firms and the quantity supplied of the product.
B. maximizes the combined welfare of buyers and sellers
C. minimizes the level of welfare payments
D. minimizes the costs and maximizes output
A result of welfare economics is that the equilibrium price of a product is considered to be the best price because it
A. maximizes both the total revenue for firms and the quantity supplied of the product.
B. maximizes the combined welfare of buyers and sellers
C. minimizes the level of welfare payments
D. minimizes the costs and maximizes output
Chika IlonahLv10
5 Oct 2020
