-The above figure shows the marginal social benefit and marginal social cost curves of chocolate in the nation of Kaffenia. At Kaffenia's efficient quantity of chocolate

Question

Quizplus · Accepted Answer

At the efficient quantity, the sum of consumer surplus and producer surplus is maximized because this is the point where marginal social benefit equals marginal social cost, leading to optimal allocation of resources.

-The Above Figure Shows the Marginal Social Benefit and Marginal