Suppose there are three buyers (A, B, and C) and three sellers (D, E, and F) in a competitive market with the marginal benefit (MB) schedules shown in Table 1 and the marginal cost (MC) schedules shown in Table 2. 
Verify that the three efficiency conditions are satisfied for the market when the equilibrium price is $8.
Definitions:
Uvula
A small, fleshy extension at the back of the soft palate which hangs above the throat and plays a role in speech and swallowing.
Abnormal Gag Reflex
An abnormal gag reflex is either an exaggerated or diminished response of the gag reflex, potentially signaling underlying medical conditions or nerve damage.
Cranial Nerves
Twelve pairs of nerves that originate in the brain and mediate various functions including sensory input and motor control, particularly in the head and neck.
Thalamus
A brain structure that acts as a relay station, channeling sensory and motor signals to the cerebral cortex.
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