Multiple Choice
If a market is in equilibrium, then we know that price equals marginal benefit because
A) the market supply curve reflects marginal cost.
B) marginal benefit never changes.
C) the market demand curve reflects marginal benefit.
D) consumers are required by law to equate marginal benefit to price.
E) every consumer experiences the same benefits.
Correct Answer:
Verified
Correct Answer:
Verified
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