At the efficient level of production,
A) consumer surplus must be greater than producer surplus.
B) there is no deadweight loss.
C) the market price is greater than the monopoly price.
D) producer surplus must be greater than consumer surplus.

Question

Quizplus · Accepted Answer

At the efficient level of production, there is no deadweight loss because resources are allocated in the most efficient way possible, maximizing total surplus (the sum of consumer and producer surplus).

At the Efficient Level of Production