Multiple Choice
A competitive market produces the economically efficient outcome if the following conditions are met, except
A) the market produces only units for which benefits are at least equal to cost.
B) the market demand curve reflects the buyers' full willingness to pay.
C) the market supply curve reflects all costs of production.
D) the market produces only units for which costs are at least equal to benefits.
Correct Answer:
Verified
Correct Answer:
Verified
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