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rosedeer521Lv1
11 Dec 2019
We can say that the allocation of resources is efficient if:
Ā
(i) total surplus is maximized.
(ii) sellers' costs are minimized.
(iii) producer surplus is maximized.
(iv) consumer surplus is maximized.
We can say that the allocation of resources is efficient if:
Ā
(i) total surplus is maximized.
(ii) sellers' costs are minimized.
(iii) producer surplus is maximized.
(iv) consumer surplus is maximized.
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