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28 Sep 2019
When marginal benefit exceeds the marginal cost in a market?
A. consumer surplus and producer surplus are not affected compared to when production is such that marginal cost equals marginal benefit.
B. the deadweight loss is negative.
C. only producer surplus is reduced.
D. only consumer surplus is reduced.
E. None of the above answers is correct.
When marginal benefit exceeds the marginal cost in a market?
A. consumer surplus and producer surplus are not affected compared to when production is such that marginal cost equals marginal benefit.
B. the deadweight loss is negative.
C. only producer surplus is reduced.
D. only consumer surplus is reduced.
E. None of the above answers is correct.
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Kritika KrishnakumarLv10
28 Sep 2019
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