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12. Efficiency occurs in a market when O a) the sum of consumer surplus and producer surplus is maximized. O b) consumer surplus is equal
12. Efficiency occurs in a market when O a) the sum of consumer surplus and producer surplus is maximized. O b) consumer surplus is equal to producer surplus. O c) consumer surplus is less than producer surplus. O d) consumer surplus is greater than producer surplus. O e) total revenue is maximized
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