Markets are efficient to the extent that they maximize_________?
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10-14-2012, 08:19 AM
Post: #1
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Markets are efficient to the extent that they maximize_________?
Markets are efficient to the extent that they maximize _______.
consumer surplus producer surplus social surplus deadweight loss My answer is B. Producer surplus. Is this correct? Ads |
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10-14-2012, 08:27 AM
Post: #2
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producer surplus
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10-14-2012, 08:27 AM
Post: #3
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The answer is social surplus, or the sum of consumer and producer surplus.
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