Use the Figure Below to Answer the Following Question

question 100

Multiple Choice

Use the figure below to answer the following question. Figure 5.3.3
-Choose the correct statement.

• A)The competitive market pushes the quantity produced to its efficient level.
• B)When the efficient quantity is produced in a competitive market,consumer surplus is maximized.
• C)Competitive equilibrium occurs when demand equals supply.
• D)When the efficient quantity is produced in a competitive market,producer surplus is maximized.
• E)When the efficient quantity is produced in a competitive market,producer surplus is minimized.