At _____, there is no other price or quantity that would result in a higher total surplus.

Name: At _____, there is no other price or quantity that would result in a higher total surplus.
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Question

Quizplus · Accepted Answer

At equilibrium, the market price and quantity are at a point where the total surplus (sum of consumer and producer surplus) is maximized, and there is no deadweight loss. This means no other price or quantity would result in a higher total surplus.

At _____, There Is No Other Price or Quantity That