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27 Feb 2018
10) The competitive market is efficient when A) producers sell the good at a price that exceeds their marginal cost. B) marginal social benefit from the good equals the marginal social cost of producing the good. C) B and D are true. D) total surplus is maximized. E) people buy the good at a price that matches their marginal benefit.
10) The competitive market is efficient when A) producers sell the good at a price that exceeds their marginal cost. B) marginal social benefit from the good equals the marginal social cost of producing the good. C) B and D are true. D) total surplus is maximized. E) people buy the good at a price that matches their marginal benefit.
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