-The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the
A) allocation of resources is efficient.
B) market equilibrium produces 800 tons more than the efficient amount.
C) market equilibrium produces 1,600 tons more than the efficient amount.
D) market equilibrium produces 800 tons less than the efficient amount.

Question

-The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the
A) allocation of resources is efficient. 
B) market equilibrium produces 800 tons more than the efficient amount. 
C) market equilibrium produces 1,600 tons more than the efficient amount. 
D) market equilibrium produces 800 tons less than the efficient amount.

Quizplus · Accepted Answer

The Answer of  
 
-The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the
A) allocation of resources is efficient. 
B) market equilibrium produces 800 tons more than the efficient amount. 
C) market equilibrium produces 1,600 tons more than the efficient amount. 
D) market equilibrium produces 800 tons less than the efficient amount.

-The Tables Above Show the Marginal Costs and Benefits from Production