Why does competitive equilibrium pricing and output lead to a maximization of these surpluses?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Posted Date: Mar 06, 2019 09:00 AM

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Why does competitive equilibrium pricing and output lead to a maximization of these surpluses?

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Only perfect competition ensures that there is no dead weight loss in the market If out... View the full answer

The Economics of Money Banking and Financial Markets

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