Solved

Which of the Following Conditions Holds in an Economically Efficient

Question 189

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.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q184: Assume that production from an electric utility

Q185: Offering to pay the passenger in front

Q186: Economic incentives are designed to make individual

Q187: Which of the following is an example

Q188: If you burn your trash in the

Q190: Which of the following is an example

Q191: Figure 5-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-3

Q192: A modern example of the tragedy of

Q193: Figure 5-16<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-16

Q194: Figure 5-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-13