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Which of the Following Occurs When a Market Is Efficient

Question 35

Multiple Choice

Which of the following occurs when a market is efficient?


A) Consumer surplus equals producer surplus.
B) Consumer surplus is as large as possible.
C) Producer surplus is as large as possible.
D) The sum of consumer surplus and producer surplus is maximized.
E) The marginal benefit exceeds the marginal cost by as much as possible.

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