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At Any Quantity at Which the Demand Curve Lies Above

Question 31

Multiple Choice

At any quantity at which the demand curve lies above the supply curve,


A) economic efficiency is achieved
B) the cost of producing the last unit exceeds its value to some consumer
C) marginal cost exceeds the market price
D) the market is Pareto efficient
E) the value of the last unit to some consumer exceeds the cost of producing it

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