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Which of the Following Is True When a Market Is

Question 53

Essay

Which of the following is true when a market is in equilibrium and there is no outside intervention to change the equilibrium price?
A.Total surplus is minimized.
B.Inefficiency is maximized.
C.No mutually beneficial trades are missed.
D.Some mutually beneficial trades may be missed.

Correct Answer:

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No mutuall...

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