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    Exam 6: Market Efficiency and Market Failure
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    What Is the Term for the Difference Between the Value
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What Is the Term for the Difference Between the Value

Question 13

Question 13

Multiple Choice

What is the term for the difference between the value of a good to consumers and its price?


A) demand
B) marginal utility
C) total utility
D) consumer surplus

Correct Answer:

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