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中密苏里州立大学:《经济学原理——曼昆经济学原理》课程PPT教学课件(英文版)Chapter 7 Consumers, Producers, and the Efficiency of Markets

Do the equilibrium price and quantity maximize the total welfare of buyers and sellers? Market equilibrium reflects the way markets allocate scarce resources. Whether the market allocation is desirable is determined by welfare economics.
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