Multiple Choice
Use the following to answer question(s) : Markets and Efficiency
-(Exhibit: Markets and Efficiency) Referring to Panel (a) :
A) at the equilibrium price of $0.80, marginal benefit exceeds marginal cost.
B) net benefit is minimized at the price of $0.80.
C) the equilibrium quantity, determined by demand and supply, is efficient.
D) total cost and total benefit are maximized.
Correct Answer:
Verified
Correct Answer:
Verified
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