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

Question

Quizplus · Accepted Answer

At the efficient level of production, resources are allocated in a way that maximizes total surplus, meaning there is no deadweight loss.

At the Efficient Level of Production