Under the long-run equilibrium, for perfectly competitive markets without any government intervention:   producer surplus is greater than consumer surplus   consumer surplus is greater than producer surplus   the sum of consumer and producer surplus is maximized.   consumer surplus is maximized   producer surplus is maximized

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Give typing answer with explanation and conclusion 

Under the long-run equilibrium, for perfectly competitive markets without any government intervention:

 

producer surplus is greater than consumer surplus

 

consumer surplus is greater than producer surplus

 

the sum of consumer and producer surplus is maximized.

 

consumer surplus is maximized

 

producer surplus is maximized

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