BIJDZ8610 BIJDZ8610

19-12-2022
Business

Answered

A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and producer surplus." This statement:
a. is true only if there are no negative externalities in the market.
b. is true only if there are positive externalities in production in the market.
c. is true only if there are no positive or negative externalities in the market.
d. is true in theory, but economic efficiency cannot be achieved in a real market.

Answer :

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