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    Microeconomics Study Set 10
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    Exam 5: Efficiency
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    At Prices Above a Consumer's Reservation Price
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At Prices Above a Consumer's Reservation Price

Question 18

Question 18

Multiple Choice

At prices above a consumer's reservation price:


A) the opportunity cost is less than the benefit from having the good.
B) the opportunity cost is greater than the benefit from having the good.
C) the buyer will purchase the good.
D) the willingness to pay is greater than the price.

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