Which of the Following Conditions Holds in Economically Efficient Competitive

question 111

Multiple Choice

Which of the following conditions holds in economically efficient competitive market equilibrium?

• A)The deadweight loss is positive but at a minimum.
• B)Producer and consumer surplus are exactly equal in size.
• C)There are no positive and no negative external effects from consumption and production.
• D)The marginal benefit of the last unit produced and consumed is maximised.

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