Companies in the sharing economy,such as Airbnb and Uber,have the potential to increase consumer surplus and decrease deadweight loss.This would occur by ________ the equilibrium price in their market,and by doing so ________ efficiency.

Question

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By lowering the equilibrium price, companies in the sharing economy can increase consumer surplus, as consumers are able to access goods and services at a lower cost. This can also decrease deadweight loss by increasing the quantity of goods and services being exchanged, resulting in greater efficiency.

Companies in the Sharing Economy,such as Airbnb and Uber,have the Potential