

MCQOPTIONS
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1. |
If a market is efficient then_______? |
A. | the market allocates buyers to the sellers who can produce the good at least cost |
B. | all these answers |
C. | none of these answers |
D. | the quantity produced in the market maximizes the sum of consumer and producer surplus |
E. | the market allocates output to the buyers that value it the most |
Answer» C. none of these answers | |