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    Foundations of Macroeconomics
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    Exam 6: Efficiency and Fairness of Markets
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    -The Figure Above Shows the Market for Brooms
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-The Figure Above Shows the Market for Brooms

Question 173

Question 173

Multiple Choice

  -The figure above shows the market for brooms.If 800 brooms are produced, A)  marginal cost exceeds marginal benefit. B)  a deadweight loss does not occur because everyone who wants to buy a broom can. C)  the  big tradeoff  occurs. D)  value exceeds price. E)  the  fair results  approach to fairness is definitely not violated.
-The figure above shows the market for brooms.If 800 brooms are produced,


A) marginal cost exceeds marginal benefit.
B) a deadweight loss does not occur because everyone who wants to buy a broom can.
C) the "big tradeoff" occurs.
D) value exceeds price.
E) the "fair results" approach to fairness is definitely not violated.

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