Browsing Lecturers’ Thoughts on Media by Subject "Efficiency; Market"
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Microeconomics: Consumers Producers and Efficiency of Markets:
(Universitas Muhammadiyah Yogyakarta, 2020-08-31)Market efficiency is achieved when the allocation of resources maximizes total surplus. A social planner might also care about equity – the fairness of the distribution of well-being among the various buyers and ...