At the market equilibrium, when efficiency is attained, the marginal benefit ________ the marginal cost.
A) is equal to
B) is equal to the marginal deadweight loss which is equal to
C) has no necessary relationship with
D) is less than
E) is greater than

Question

Quizplus · Accepted Answer

At market equilibrium, the quantity demanded is equal to the quantity supplied which means that the marginal benefit is equal to the marginal cost. This is the point where efficiency is attained and there is no deadweight loss.

At the Market Equilibrium, When Efficiency Is Attained, the Marginal