If 20 smoothies are sold at a market price of $5.50 each,then
A) there must not be an excess supply of smoothies
B) selling the 21st smoothie would be a Pareto improvement
C) the market must be perfectly competitive
D) the value to some individual of the 20th smoothie is $5.50
E) there must be an excess demand for smoothies
Correct Answer:
Verified
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