Solved: What is the origin of both consumer surplus and producer, Business Economics

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What is the origin of both consumer surplus and producer

1.) What is the origin of both consumer surplus and producer surplus? How do properly functioning markets maximize consumer and producer surplus while optimally allocating resources?

2.) How do positive and negative externalities lead to under- and over-allocations of resources?

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Business Economics: What is the origin of both consumer surplus and producer

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