Answer to Question #107253 in Microeconomics for AMI

Question #107253
Under the long-run equilibrium, for perfectly competitive markets without any government intervention,:

Select one:
a.
consumer surplus is maximized.

b.
producer surplus is maximized.

c.
producer surplus is greater than consumer surplus.

d.
consumer surplus is greater than producer surplus.

e.
the sum of consumer and producer surplus is maximized.
1
Expert's answer
2020-04-01T09:20:30-0400

e. the sum of consumer and producer surplus is maximized


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