-In the above figure, at the efficient quantity of CDs
A) total consumer surplus is zero.
B) total producer surplus is zero.
C) the sum of consumer surplus and producer surplus is maximized.
D) Both answers A and B are correct.

Question

-In the above figure, at the efficient quantity of CDs
A) total consumer surplus is zero. 
B) total producer surplus is zero. 
C) the sum of consumer surplus and producer surplus is maximized. 
D) Both answers A and B are correct.

Quizplus · Accepted Answer

At the efficient quantity, the sum of consumer surplus and producer surplus is maximized, reflecting the optimal allocation of resources.

-In the Above Figure, at the Efficient Quantity of CDs