At a Competitive Market Equilibrium,if There Are No Taxes,subsidies,price Regulations,quantity

question 284

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:

Models of Competency

Theoretical frameworks that outline the essential skills, knowledge, and behaviors required for effective performance in a specific role or task.

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Women who are romantically and sexually attracted to other women.

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Adult males who are sexually and/or romantically attracted to other males.

Heterosexual Marriage

A legally or socially recognized marriage between two individuals of the opposite sex.