At the Output Where the Combined Amounts of Consumer and Producer

Multiple Choice

At the output where the combined amounts of consumer and producer surplus are largest,

A) the areas of consumer and producer surplus necessarily are equal.
B) the maximum willingness to pay for the last unit of output equals the minimum acceptable price of that unit of output.
C) consumer surplus exceeds producer surplus by the greatest amount.
D) marginal benefit exceeds marginal cost by the greatest amount.