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The Equilibrium Price and Quantity in a Market Usually Produce

Question 137

Multiple Choice

The equilibrium price and quantity in a market usually produce allocative efficiency because


A) all consumers who want the good are satisfied.
B) marginal benefit and marginal cost are equal at that point.
C) equilibrium ensures an equitable distribution of output.
D) the excess of goods produced at equilibrium guarantees that all will have enough.

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