When the Market Achieves Allocative Efficiency

question 112

Multiple Choice

When the market achieves allocative efficiency,

• A)marginal benefit equals marginal cost.
• B)marginal benefit is at its maximum.
• C)marginal benefit exceeds marginal cost by as much as possible.
• D)marginal cost exceeds marginal benefit by as much as possible.
• E)marginal cost is at its minimum.