Marginal cost pricing in competitive markets results in all but which one of the following?
A)An efficient mix of goods and services being produced.
B)Output being produced where price equals the opportunity cost of the last unit being produced.
C)The information necessary for consumers to make rational choices between alternative goods and services.
D)Maximization of consumer utility.

Question

Quizplus · Accepted Answer

Marginal cost pricing in competitive markets can result in maximization of consumer utility, but it is not a guaranteed outcome. Other factors, such as consumer preferences and income levels, can also impact utility.

Marginal Cost Pricing in Competitive Markets Results in All but Which