When both producers and consumers experience a surplus, the market will be efficient?

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asked Jan 23, 2018 55.8k views

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Ben Hunter · Answer 1 · 2018-01-28T03:44:55+0000

No the statement is not true. It will not be efficient as in order for a market to be efficient, the allocation of resources must maximize total surplus which does not seem the case in the given statement.

When both producers and consumers experience a surplus, the market will be efficient?

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