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If sellers produce more than the equilibrium quantity, the marginal benefit to buyers _____ the marginal cost to sellers, so when producers decrease their production,
If sellers produce more than the equilibrium quantity, the marginal benefit to buyers _____ the marginal cost to sellers, so when producers decrease their production, they _____ the economic surplus. exceeds; decrease exceeds; increase is lower than; increase is lower than; decrease
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Managerial Economics
Authors: Mark Hirschey
12th edition
9780324584844, 324588860, 324584849, 978-0324588866
