Consumers, Producers and the efficiency of markets

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Consumers, Producers and the efficiency of markets

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<ul><li> 1. Consumers,Producers, and theEfficiency of MarketsChapter 7Copyright 2001 by Harcourt, Inc.All rights reserved. Requests for permission to make copies of any part ofthework should be mailed to:Permissions Department, Harcourt College Publishers,6277 Sea Harbor Drive, Orlando, Florida 32887-6777.</li></ul> <p> 2. Revisiting the MarketEquilibriumDo the equilibrium price andquantity maximize the totalwelfare of buyers and sellers? </p>

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