The efficient market quantity is the quantity where _____ equals _____.
A)marginal cost; marginal benefit
B)minimum cost; marginal cost
C)benefit; cost
D)maximum benefit; marginal benefit

Question

Quizplus · Accepted Answer

In an efficient market, the marginal cost of producing the last unit should be equal to the marginal benefit obtained from consuming the last unit. Therefore, the efficient market quantity is the quantity where marginal cost equals marginal benefit.

The Efficient Market Quantity Is the Quantity Where _____ Equals