Suppose there are three buyers (A, B, and C) and three sellers (D, E, and F) in a competitive market with the marginal benefit (MB) schedules shown in Table 1 and the marginal cost (MC) schedules shown in Table 2. 
Verify that the three efficiency conditions are satisfied for the market when the equilibrium price is $8.
Definitions:
Unclear Objectives
refers to goals or aims that are not well-defined, making it difficult to achieve targeted outcomes or measure success.
Priorities
The arrangement or ranking of tasks and activities according to their importance or urgency.
Procrastination
The act of delaying or postponing tasks or decisions, often leading to stress, anxiety, feelings of guilt, and reduced productivity.
Poor Communication
Poor communication refers to the failure in effectively transmitting information, ideas, or feelings, resulting in misunderstandings or errors.
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