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    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
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    Why Is the Best Price the Particular Price That Results
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Why Is the Best Price the Particular Price That Results

Question 196

Question 196

Multiple Choice

Why is the best price the particular price that results in quantity supplied being equal to quantity demanded


A) It maximizes sellers' costs.
B) It maximizes profit for buyers.
C) It maximizes the total welfare of buyers and sellers.
D) It minimizes the expenditure of buyers.

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