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Study Guide for Mankiw's Principles of Microeconomics, 7th
7th Edition
ISBN: 9781285864242
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 7, Problem 4QR
To determine
The economic efficiency.
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What is efficiency in economics?
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when a good is distributed fairly among buyers
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when a good is being consumed by buyers who value it most highly
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