Deadweight loss-marginal cost exceeds marginal revenue

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Reference no: EM13837896

Which statement(s) is (are) true?

I. In the case of a deadweight loss, marginal cost exceeds marginal revenue

II. Deadweight loss would be eliminated if price and marginal cost are equal

A) Statement I is true

B) Statement II is true

C) Statements I and II are true

D) Statements I and II are false

Reference no: EM13837896

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