Market Competition Ensures That

question 53

Multiple Choice

Market competition ensures that

• A)consumer surplus equals producer surplus.
• B)consumer surplus is greater than producer surplus.
• C)consumer surplus is less than producer surplus.
• D)the sum of consumer surplus and producer surplus is maximized.
• E)the sum of consumer surplus and producer surplus equals zero.

---

Definitions:

Major Organic Product

The main substance produced with the largest yield in an organic chemistry reaction.

Reaction Sequence

A set of consecutive chemical reactions where the product of one reaction serves as the reactant for the next.

Reagents

Compounds or blends employed in chemical processes to identify, quantify, investigate, or generate different compounds.

Reaction

A process in which one or more substances are changed into one or more different substances through the breaking and formation of chemical bonds.