Which of the following statements is trueproducing less, Ask an Expert

Economics

Which of the following statements is true?

Producing less than equilibrium leaves unrealized producer and consumer surplus, and producing more than equilibrium reduces the consumer surplus.

Producing more or less than equilibrium results in negative profits, which is inefficient.

Producing more than equilibrium leaves unrealized producer and consumer surplus, and producing less than equilibrium reduces the producer surplus.

Producing less than equilibrium leaves unrealized producer and consumer surplus, and producing more than equilibrium reduces the producer surplus.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91926892

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