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When market for a good is in equilibrium

Whenever the market for the good is in equilibrium, this signifies that the: (i) Demand and supply are equivalent. (ii) Tax wedge is perfectly offset by the government advantages. (iii) Differences among demand prices and supply prices equivalent profit per unit. (iv) Quantity supplied equivalents the quantity demanded. (v) Producer is making a good economic gain.

What is the precise answer?

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