When Market Exchange Occurs Voluntarily in a Competitive Market, _____

question 130

Multiple Choice

When market exchange occurs voluntarily in a competitive market, _____.​

• A)consumer choice does not involve any opportunity cost
• B)the sum of consumer surplus and producer surplus is maximized
• C)both consumer surplus and producer surplus are eliminated
• D)buyers benefit at the expense of producers
• E)the exchange confers no net benefit to the participants

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