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redcattle972Lv1
18 Aug 2020
Perfect competition achieves efficiency if the market produces the quantity at which _______.
A) producer surplus equals zero
B) consumer surplus is greater than producer surplus
C) marginal benefit is greater than marginal cost
D) the consumers' marginal benefit from the good equals the marginal cost of producing it.
Perfect competition achieves efficiency if the market produces the quantity at which _______.
A) producer surplus equals zero
B) consumer surplus is greater than producer surplus
C) marginal benefit is greater than marginal cost
D) the consumers' marginal benefit from the good equals the marginal cost of producing it.
B) consumer surplus is greater than producer surplus
C) marginal benefit is greater than marginal cost
D) the consumers' marginal benefit from the good equals the marginal cost of producing it.
Divya SinghLv10
30 Sep 2020
