Multiple Choice
Figure 7-20
-Refer to Figure 7-20.If 6 units of the good are produced and sold,then
A) efficiency is achieved in this market.
B) the marginal value to buyers equals the marginal cost to sellers.
C) the sum of consumer surplus and producer surplus is maximized.
D) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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