The short- run competitive equilibrium is efficient because:
A)additional sales will not cover the market value of needed resources.
B)consumer surplus is maximized.
C)no one can be made better off by making someone else worse off.
D)producer surplus is maximized.

Question

Quizplus · Accepted Answer

The Answer of The short- run competitive equilibrium is efficient because:
A)additional sales will not cover the market value of needed resources.
B)consumer surplus is maximized.
C)no one can be made better off by making someone else worse off.
D)producer surplus is maximized.

The Short- Run Competitive Equilibrium Is Efficient Because