What property does market equilibrium have for a perfectly, Ask an Expert

Economics

What property does market equilibrium have for a perfectly competitive market with no externalities?

Market equilibrium gives the highest possible consumer surplus.

Market equilibrium gives the highest possible producer surplus.

Market equilibrium gives the highest possible total revenue to sellers.

Market equilibrium gives the highest possible total surplus.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677788

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