Consumer Surplus Is Zero at an Efficient Market Outcome

question 84

True/False

Consumer surplus is zero at an efficient market outcome.

---

Definitions:

Title VII

A section of the Civil Rights Act of 1964 prohibiting employment discrimination based on race, color, religion, sex, and national origin in the United States.

Hiring Standards

The criteria and requirements set by employers that a candidate must meet to be considered for a position.

Demonstrable Relationship

A provable or observable connection between two principles, facts, or entities.

Equal Pay Act

A U.S. law enacted in 1963 aimed at abolishing wage disparity based on sex.