In the Short-Run,the Efficient Industry Outcome Under Perfect Competition Occurs

Multiple Choice

In the short-run,the efficient industry outcome under perfect competition occurs at the level of output where _____.

A) marginal benefit from the good,price and the marginal cost are equal.
B) marginal benefit from the good exceeds the price of the good.
C) price exceeds marginal cost
D) consumer surplus equals producer surplus
E) price of the good equals average cost