Multiple Choice
If the price in a market is below the equilibrium price,then a supplier can produce an additional unit at a cost that is lower than the price buyers are willing to pay.This is referred to as
A) leaving "cash on the table."
B) market equilibrium.
C) exploiting all opportunities.
D) maximizing economic surplus.
E) achieving economic efficiency.
Correct Answer:
Verified
Correct Answer:
Verified
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