Social Studies
Social Studies, 24.09.2019 01:20, jurnee77

Economic efficiency a. is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production. b. is a market outcome in which the sum of consumer surplus and producer surplus is at a maximum. c. is a market outcome in which every individual is better off than they would be at any other market outcome. d. both a and b. e. all of the above.

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Economic efficiency a. is a market outcome in which the marginal benefit to consumers of the last un...

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