Question
Which of the following does NOT incur a deadweight loss? a. The equilibrium price is equal to the marginal cost for the last unit sold
Which of the following does NOT incur a deadweight loss?
a. The equilibrium price is equal to the marginal cost for the last unit sold and produced.
b. There are some consumers for which WTP > MC that did not buy the good.
c. There are some consumers for which WTP < MC that did buy the good.
d. The presence of market power, for example, price making.
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
