
If, in a competitive market, marginal benefit is less than marginal cost,
A) the net benefit to consumers from participating in the market is less than the net benefit to producers.
B) the government must force producers to raise prices in order to achieve economic efficiency.
C) the output is greater than the equilibrium quantity.
D) the output is less than the equilibrium quantity.
Correct Answer:
Verified
Q56: Consumer surplus is the difference between the
Q57: Figure 4-1 Q58: Figure 4-1 Q59: Suppliers will be willing to supply a Q60: Figure 4-1 Q62: What is producer surplus? What does producer Q63: _ is maximized in a competitive market Q64: In a competitive market equilibrium, Q65: Figure 4-3 Q66: Figure 4-3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
![]()
![]()
![]()
A)total consumer surplus
![]()
![]()