At a Competitive Market Equilibrium,if There Are No Taxes,subsidies,price Regulations,quantity

question 284

Multiple Choice

At a competitive market equilibrium,if there are no taxes,subsidies,price regulations,quantity regulations,or externalities,
i.consumer surplus is minimized.
ii.marginal cost equals marginal benefit.
iii.resources are efficiently used.
iv.producer surplus is minimized.

• A) ii and iii
• B) i and ii
• C) i and iv
• D) i, ii, iii, and iv
• E) ii only

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