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Which of the Following Conditions Holds in an Economically Efficient

Question 22

Multiple Choice
Which of the following conditions holds in an economically efficient competitive market equilibrium? A)The deadweight loss is positive but at a minimum. B)Producer and consumer surplus are exactly equal in size. C)There are no positive and no negative external effects from consumption and production. D)The marginal benefit of the last unit produced and consumed is maximized.

Which of the following conditions holds in an economically efficient competitive market equilibrium?


A) The deadweight loss is positive but at a minimum.
B) Producer and consumer surplus are exactly equal in size.
C) There are no positive and no negative external effects from consumption and production.
D) The marginal benefit of the last unit produced and consumed is maximized.

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