Business, 17.12.2020 17:40 fayvetteville

A result of welfare economics is that the equilibrium price of a product is considered to be the best price because it a. maximizes both the total revenue for firms and the quantity supplied of the product.
b. minimizes costs and maximizes output.
c. maximizes the combined welfare of buyers and sellers .
d. minimizes the level of welfare payments.

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A result of welfare economics is that the equilibrium price of a product is considered to be the bes...

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