Economic efficiency in a competitive market is achieved when:_________.
a. economic surplus is equal to consumer surplus.
b. the marginal benefit equals the marginal cost from the last unit sold.
c. consumers and producers are satisfied.
d. producer surplus equals the total amount firms receive from consumers minus the cost of production.

Question

07-02-2022
Business

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Economic efficiency in a competitive market is achieved when:_________.
a. economic surplus is equal to consumer surplus.
b. the marginal benefit equals the marginal cost from the last unit sold.
c. consumers and producers are satisfied.
d. producer surplus equals the total amount firms receive from consumers minus the cost of production.

Sagot :

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