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11. What can be said if the firms in the market produce an output of 5? A. Total surplus will be maximized because, for
11. What can be said if the firms in the market produce an output of 5? A. Total surplus will be maximized because, for unit number 5, the value to consumers equals the cost of making the good B. Total surplus will not be maximized because, for unit number 5, the value to consumers equals the cost of making the good C. Total surplus will not be maximized because, for unit number 5, the value to consumers exceeds the cost of making the good D. Total surplus will not be maximized because, for unit number 5, the value to consumers is less than the cost of making the good
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