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The Rational Rule for Markets says that: the more economic surplus that is generated, the better the outcome. to increase economic surplus, more of a
The Rational Rule for Markets says that: the more economic surplus that is generated, the better the outcome. to increase economic surplus, more of a good should be produced if its marginal benefit is greater than or equal to its marginal cost. to increase economic surplus, sellers should charge higher prices so that consumers buy less than the efficient quantity. economic benefits resulting from increased efficiency should be distributed fairly among all members of society
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