Key Points
Economic efficiency is the idea that it is impossible to improve the situation of one party without imposing a cost on another.
If a situation is economically inefficient, it becomes possible to benefit at least one party without imposing costs on others.
Consumer surplus is the gap between the price that consumers are willing to...
English
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Arabic
Romaian
Portuguese (Brazil)
Greek
