Efficiency is an important goal because when markets are efficient:
A)there is less income inequality.
B)the poor benefit more than the wealthy.
C)there are more resources available to achieve other goals.
D)there is no need for government intervention in the economy.

Question

Quizplus · Accepted Answer

When markets are efficient, total economic surplus is maximized, implying that there are more resources available to achieve society's other goals.

Efficiency Is an Important Goal Because When Markets Are Efficient