karlaperez5998 karlaperez5998

20-09-2017
Business

contestada

When both producers and consumers experience a surplus, the market will be efficient?

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ahmedishaal ahmedishaal

27-09-2017

No the statement is not true. It will not be efficient as in order for a market to be efficient, the allocation of resources must maximize total surplus which does not seem the case in the given statement.

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