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In a Market,social Surplus Is Maximized When Consumers' Willingness to Pay

Question 2

Multiple Choice

In a market,social surplus is maximized when consumers' willingness to pay for a good equals the ________.


A) marginal private cost of producing the good
B) average variable cost of producing the good
C) marginal social cost of producing the good
D) opportunity cost of producing the good

Correct Answer:

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