Flashcard sets with a 'economic efficiency' term meaning 'a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer and producer surplus is at a maximum'

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1-1 of 1Flashcard sets with a 'economic efficiency' term meaning 'a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and in which the sum of consumer and producer surplus is at a maximum'
# Title Terms Date
1Econ First Examby carlita231163 termsSeptember 27, 2009
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