Fixed prices in a free-market economy can increase efficiency.
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Q48: The producer's surplus is equal to the
Q49: If the allocation of resources is efficient,
Q50: With a monopoly, the consumer's surplus is
Q51: For a rational consumer, the consumer's surplus
Q52: Under perfect competition, if marginal cost is
Q54: With a monopoly, the producer's surplus is
Q55: Mutually beneficial trade is impossible when different
Q56: The allocation of resources is efficient under
Q57: The introduction of a tax in a
Q58: Mutually beneficial trade is possible because of
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