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A salary for private school teachers in Pittsburgh that would be considered efficient by economists would be: When prevailing salaries have led to equality between
- A salary for private school teachers in Pittsburgh that would be considered efficient by economists would be:
- When prevailing salaries have led to equality between the quantity of teachers demanded and the quantity supplied.
- Where salaries face no pressure from the invisible hand to change over a period of time.
- Where supply and demand intersect in this market.
- Where self-interested teachers and private schools reach an agreement without the pressure of shortages, or the inefficiency of surpluses being part of the final outcome.
5.All of the above
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