Refer to the provided graph of a competitive market. If the output level is Q₂, then there will be
A)allocative efficiency.
B)maximum deadweight losses.
C)maximum consumer surplus.
D)greater marginal benefits than marginal costs of the product.

Question

Refer to the provided graph of a competitive market. If the output level is Q₂, then there will be
A)allocative efficiency. 
B)maximum deadweight losses. 
C)maximum consumer surplus. 
D)greater marginal benefits than marginal costs of the product.

Quizplus · Accepted Answer

The Answer of  Refer to the provided graph of a competitive market. If the output level is Q₂, then there will be
A)allocative efficiency. 
B)maximum deadweight losses. 
C)maximum consumer surplus. 
D)greater marginal benefits than marginal costs of the product.

Refer to the Provided Graph of a Competitive Market