In Competitive Equilibrium,which of the Following Statements Is False

question 19

Multiple Choice

In competitive equilibrium,which of the following statements is false?

• A)Marginal social benefit equals marginal social cost.
• B)Willingness to pay equals marginal cost of production.
• C)The sum of consumer surplus and producer surplus is maximized.
• D)Deadweight loss is maximized.
• E)Resources are used efficiently to produce goods and services that people value most highly.

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