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.Management Sciences
A. the market allocates buyers to the sellers who can produce the good at least cost
B. all these answers
C. none of these answers
D. the quantity produced in the market maximizes the sum of consumer and producer surplus
E. the market allocates output to the buyers that value it the most
Related Mcqs:
- An increase in the price of a good along a stationary supply curve______________?
- A. increase producer surplus B. does all the things describe in these answers C. decrease producer surplus D. improves market equity...
- In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?
- A. choose a price below the market equilibrium price B. allow the market to seek equilibrium on its own. C. Choose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers (sellers). D. choose a price above the market … In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?Read...
- An increase in the price of a good along a stationary demand curve ?
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- If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?
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