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When the market for a good is in equilibrium, A. Consumer surplus will equal producer surplus. B. The total value created for consumers will equal
When the market for a good is in equilibrium,
A. Consumer surplus will equal producer surplus.
B. The total value created for consumers will equal the total cost of production for business firms.
C. All units valued more highly than the opportunity cost of production will be supplied.
D. All units that have value will be produced, regardless of their cost of production.
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