-The Figure Above Shows the Market for Brooms

question 173

Multiple Choice

-The figure above shows the market for brooms.If 800 brooms are produced,

• A) marginal cost exceeds marginal benefit.
• B) a deadweight loss does not occur because everyone who wants to buy a broom can.
• C) the "big tradeoff" occurs.
• D) value exceeds price.
• E) the "fair results" approach to fairness is definitely not violated.

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