Which of the Following Occurs When a Market Is Efficient

question 41

Multiple Choice

Which of the following occurs when a market is efficient?

• A) Producers earn the highest income possible.
• B) Production costs equal total benefit.
• C) Consumer surplus equals producer surplus.
• D) Scarce resources are used to produce the goods and services that people value most highly.
• E) Every consumer has all of the good or service he or she wants.

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