At a Competitive Market Equilibrium, If There Are No Taxes

question 329

Multiple Choice

At a competitive market equilibrium, if there are no taxes, subsidies, price regulations, quantity regulations, or externalities, i. consumer surplus is minimized.
Ii. marginal cost equals marginal benefit.
Iii. resources are efficiently used.
Iv. producer surplus is minimized.

• A)ii and iii
• B)i and ii
• C)i and iv
• D)i, ii, iii, and iv
• E)ii only

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Definitions:

Derealization

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Depersonalization

A dissociative experience during which a person feels detached from their thoughts, feelings, body, or actions, as if they are observing themselves from outside.

Ataque De Nervios

A cultural syndrome, predominantly seen in Latino communities, involving intense emotional upset, including symptoms of crying, trembling, and feelings of uncontrollability.

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A sensation of tingling, pricking, or numbness of the skin with no apparent long-term physical effect, often described as feeling of pins and needles.