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muminat
1 year ago
7

In a competitive market equilibrium, the allocation of the social surplus is such that ____________.

Business
1 answer:
Leto [7]1 year ago
6 0

In competitive market equilibrium, the allocation of the social surplus is such that no individual can be made better off without making someone else worse off.

The phrase "competition equilibrium" refers to an equilibrium condition when the firm's goal of maximising profits and the customers' goal of maximising utility both aspire to reach an equilibrium price as a result of freely determined prices.

According to the theory of competitive equilibrium, the firm's supply of the product is equal to the market's demand for that same amount of the product. It is a circumstance in which neither the buyer nor the seller can strengthen their bargaining position with regard to the goods being sold.

Learn more about competitive market here brainly.com/question/13961518

#SPJ4

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The best course of action is to ask Steve to generate quit-claim deeds on the properties. Even though the divorce decree grants ownership to Margot, she can't convey the properties until Steve either produces quit claim deeds OR agrees to convey the properties with her.

<h3><u>What is real estate?</u></h3>
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7 0
2 years ago
Describe the action of gluten during mixing and baking
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Answer: Gluten develops as flour is mixed with liquid and forms strong, elastic strands that crisscross in a springy mesh, or weave, of tiny cells. The cells trap air or gas in the baked product. As the product bakes, cells expand with heated air or gas.

Brainliest Please!

6 0
3 years ago
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Suppose we have a 2-person world, with only Stephen and his friend LeBron. Suppose that Stephen can move 70 boxes or bake
USPshnik [31]

Answer:

the correct answer would be D  No, trade isn't possible, because Stephen has an absolute advantage in both making cookies and moving boxes.

Explanation:

Stephen can move 34 more boxes/hr and bake 19 more cookies/hr than Lebron can.

7 0
3 years ago
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Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
Tatiana [17]
The thing that would interest him the most and is an advantage is that if one partner were to make a mistake, he would not be held accountable for it. Unlike the general partnership where everyone gets equal blame for the downfall of a company, in limited liability it is known what falls under whose jurisdiction and if someone causes the company to go bankrupt, the ones whose fault it's not can't get sued.
8 0
3 years ago
The common stock of the Avalon Corporation has been trading in a narrow range around $40 per share for months, and you believe i
Sergeu [11.5K]

Answer:

$700

Explanation:

Given that

Price of a 3 month put option = $3

Price of a 3 month call option = $4

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Thus,

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= (3 + 4)100

= 7 × 100

= $700

4 0
3 years ago
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