If a market is efficient then_______?

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 ?

A. improves the material welfare of the buyers. B. decrease consumer surplus C. improves market efficiency. D. increase consumer surplus....

If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?

A. total surplus is maximized B. the value placed on the last unit production by buyers exceeds the cost of production. C. producer surplus is maximized D. the cost of production on the last unit produced exceeds the value placed on it by buyers. E. consumer surplus is maximized...

Suppose that the price of a new bicycle is Rs300 Natalie values a new bicycle at Rs 400 it costs Rs200 for the seller to produce the new bicycle. What is the value of total surplus if Natalie buys a new bike ?

A. Rs500 B. Rs300 C. Rs200 D. Rs400...