If the Market for Bicycles Is Efficient,then

question 106

Multiple Choice

If the market for bicycles is efficient,then

• A) no more bicycles can be produced.
• B) marginal benefit exceeds marginal cost.
• C) consumer surplus must be greater than producer surplus.
• D) it is not possible to produce more bicycles without sacrificing another, more highly valued good.
• E) consumer surplus must equal producer surplus.

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Part of the autonomic nervous system that orchestrates the body's 'fight or flight' response.

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A condition in which one is deprived of normal sensory input, which can lead to various cognitive and psychological effects.

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A practice where an individual uses a technique – such as mindfulness or focusing their mind on a particular thought, object, or activity – to achieve mental clarity and emotional calmness.

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A type of brainwave detectable by EEG, associated with a state of wakeful relaxation.