When a competitive market maximizes economic surplus, it implies that the rev: 05_10_2018 Multiple Choice marginal benefit of having the product is greater than the marginal cost. buyers are getting the maximum consumer surplus from the product. combined consumer and producer surplus is maximized. quantity demanded is lower than the quantity supplied

Combined consumer and producer surplus is maximized.

Explanation:

Competitive Market, which is a market, whereby great numbers of producer compete with each other while producing goods/service for consumer's consumption. The Economic surplus which is also known as Total/warefare surplus can be regarded as the combination of both consumer and producer surpluses which helps in knowing the total loss of warefare as regarded as competitive market is concerned.It should be noted that When a competitive market maximizes economic surplus, Combined consumer and producer surplus is maximized.

question 1: the kuwaiti government announced us$1.5 million in aid for rohingya refugees.they pointed out that it was imperative to take immediate and concrete steps to ramp up pressure on myanmar to put an end to the violence.and said   that they r just shameful

question 2: the rohingyas were not aloud to be seen as people in myanmar.in the last few years, before the latest crisis, thousands of rohingya were making perilous journeys out of myanmar to escape communal violence or alleged abuses by the security forces.the latest exodus began on 25 august 2017 after rohingya arsa militants launched deadly attacks on more than 30 police posts.rohingyas arriving in an area known as cox's bazaar - a district in bangladesh - say they fled after troops, backed by local buddhist mobs, responded by burning their villages and attacking and killing civilians.