Question
When does market efficiency occur? a. when consumer surplus equals producer surplus b. when the marginal utility of each good consumed is identical c. when
When does market efficiency occur?
a. when consumer surplus equals producer surplus
b. when the marginal utility of each good consumed is identical
c. when the deadweight loss is equal to the total welfare gains
d. when the marginal benefit of the last unit consumed is equal to the marginal cost of producing this last unit
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E-Commerce 2013 Business Technology Society
Authors: Ken Laudon, Kenneth C Laudon
9th Edition
0132730359, 978-0132730358
