Which of the Following Conditions Holds in an Economically Efficient

question 189

Multiple Choice

Which of the following conditions holds in an economically efficient competitive market equilibrium?

• A)The deadweight loss is positive but at a minimum.
• B)Producer and consumer surplus are exactly equal in size.
• C)There are no positive and no negative external effects from consumption and production.
• D)The marginal benefit of the last unit produced and consumed is maximized.

Understand the role of revising, proofreading, and selecting appropriate channels and mediums in the completing phase.

Appreciate the benefits of thorough planning in expediting the writing process and avoiding errors.

Determine the specific purpose of the message and the desired outcome for the audience.

Recognize the importance of timing and how it affects message reception and effectiveness.

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