A market equilibrium is only efficient when:
A)buyers and sellers each earn equal surplus from the transaction.
B)consumer surplus and producer surplus are both zero.
C)all relevant costs,including those imposed on others,are accounted for.
D)income is distributed equitably.

Question

Quizplus · Accepted Answer

Market equilibrium is not efficient when all costs and benefits are not accounted for.

A Market Equilibrium Is Only Efficient When