brockdevore7597 brockdevore7597
  • 12-02-2020
  • Business
contestada

When is a market efficient?When total surplus is maximized, the market will be efficient.Click or tap "True" or "False" to answer the question.

Respuesta :

TomShelby
TomShelby TomShelby
  • 12-02-2020

Answer:

TRUE

Explanation:

Whrn the market is efficient the total surplus ( consumer and producer surplus) Is that their peak thus, any intervention from the government will generate deadweight-loss and make in inefficient. This will reduce the surplus of one or both, the consumer or producer and thus, not achieving the maximum surplus

Answer Link

Otras preguntas

calculate the value of:1+3+5+....+43 ​
If a = {6 6 4 7 -4 4 -6 9 -3} and B= {1 5 -8 9 -5 -8 9 -5 2}, find 3a +9B Matrix operations
How does African Traditional Religion explain humanity
Of I were to write a 6 paragraph essay about something in my life. What would it be?
Using f(x) = 4x + 6 with a domain of {-1, 0, 2), find the range. A. {10, 6, 15) B. {2, 14) C. {-4, 0, 8} D. {2, 6, 14}
What are some ways that we can reduce the effects of climate change on Africa?​
Which parts of the camera can you use to identify clutter in your photographs?
2. There are 42 persons in a mathematics class, and everyone of them drinks either coffee or grape milk at breakfast. If eighteen persons drink grape milk and
How did Ming China view global trade during the 15th to 18th centuries? A. It was considered a threat to traditional Chinese culture. B. It was an opportunity t
How might parents respond to discussions and concerns about their children?