brockdevore7597 brockdevore7597
  • 12-02-2020
  • Business
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When is a market efficient?When total surplus is maximized, the market will be efficient.Click or tap "True" or "False" to answer the question.

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TomShelby
TomShelby TomShelby
  • 12-02-2020

Answer:

TRUE

Explanation:

Whrn the market is efficient the total surplus ( consumer and producer surplus) Is that their peak thus, any intervention from the government will generate deadweight-loss and make in inefficient. This will reduce the surplus of one or both, the consumer or producer and thus, not achieving the maximum surplus

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