When Economic Efficiency Is Attained, It Implies All of the Following

question 19

Multiple Choice

When economic efficiency is attained, it implies all of the following, except

• A)per-unit cost of output produced is at minimum.
• B)allocative efficiency is achieved.
• C)total consumer and producer surplus is at a maximum.
• D)the gap between marginal benefits and marginal costs of production is at maximum.

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