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

When a character is a foil in a story, what does he or she typically do?
Help me please. Info in pictures.
How Many times do at least 2 odd numbers show up when you count from 0 to 999? Show your work.
3.3.4 practice: modeling: factoring ax2+bx+c
Excerpt from The Robe of Feathers Japanese Folktale The fisherman was out in his boat all night. He cast his net here and he cast his net there, but he caught n
How does frost wedging occur
what is the gcf of 120 and 68
Which shows two equivalent fractions?
Which of these equations could represent the blue line?
Suppose U={0, 1, 2, 3, 4, 5, 6}, A={2, 4, 6}, and B={1, 2, 3}. Tell whether each statement is true or false. A⊆U true or false