Multiple Choice
An equilibrium is an outcome in which
A) all individuals are simultaneously optimizing.
B) constraints are no longer binding.
C) social gain is as large as possible.
D) the wants of all agents are fully satisfied.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q62: In the theory of monopoly,which of the
Q63: Optimization typically requires use of the equimarginal
Q64: Which of the following would be an
Q65: Why do economists insist on assuming that
Q66: According to the equimarginal principle,if the marginal
Q68: Equilibrium conditions are used to analyze the
Q69: Even if an economic model is not
Q70: The second stage of economic analysis includes
Q71: Unlike a consumer,a competitive profit-maximizing firm faces
Q72: When an economist talks about equilibrium he