Producing a quantity larger than the equilibrium of supply and demand is inefficient because the marginal buyers

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Producing a quantity larger than the equilibrium of supply and demand is inefficient because the marginal buyer’s willingness to pay is a negative.

b zero.

c positive but less than the marginal seller’s cost.

d positive and greater than the marginal seller’s cost.

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Advanced Macroeconomics

ISBN: 9780415205504

3rd Edition

Authors: David Romer

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Question Posted: Nov 14, 2024 03:02 AM

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Producing a quantity larger than the equilibrium of supply and demand is inefficient because the marginal buyers

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Advanced Macroeconomics

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