Business, 01.11.2021 18:40, mluz

1. If the current allocation of resources in a market for a certain good is efficient, then it must be the case that A. producer surplus equals consumer surplus in this market.
B. this market is in equilibrium.
C. on the last unit of the good that was bought and sold, the value to buyers exceeds the cost to sellers
D. All of the above are correct.

Answers: 3

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1. If the current allocation of resources in a market for a certain good is efficient, then it must...