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Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 2
Use the ideas of consumer surplus and producer surplus to explain why economists say competitive markets are efficient. Why are beor above-equilibrium levels of output inefficient, according to these two sets of ideas? LO2
Explanation
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Competitive markets are efficient becaus...
Economics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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