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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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 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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Principles Of Microeconomics

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