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Allocation of resources is inefficient only if Oa. producer surplus is zero. Ob. some of the potential gains from trade among buyers are sellers
Allocation of resources is inefficient only if Oa. producer surplus is zero. Ob. some of the potential gains from trade among buyers are sellers are not being realized. Oc. consumer surplus is equal to producer surplus. Od. consumer surplus is lower than producer surplus.
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
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1429278390, 978-1429278416, 1429278412, 978-1429278393
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