Why do competitive markets maximise the sum of producer and consumer surplus?
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12-14-2012, 07:19 AM
Post: #2
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Only in the long run when price is equal to the minimum long run average total cost.
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Why do competitive markets maximise the sum of producer and consumer surplus? - Nick - 12-14-2012, 07:11 AM
[] - Anjaree - 12-14-2012 07:19 AM
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