Which of the Following Conditions Does Not Need to Occur

question 23

Multiple Choice

Which of the following conditions does not need to occur for a market to achieve allocative efficiency?

• A) Consumers' maximum willingness to pay equals producers' minimum acceptable price.
• B) The sum of producer and consumer surplus is maximized.
• C) The total revenue received by producers equals the total cost of production.
• D) The marginal benefit of the last unit produced equals the marginal cost of producing that unit.

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Definitions:

Infectious Disease

Diseases caused by organisms such as bacteria, viruses, fungi, or parasites, which can be spread, directly or indirectly, from one individual to another.

Sputum Culture

A lab test performed on phlegm (sputum) to identify bacteria or fungi causing respiratory infections or diseases.

Bacillus

A genus of rod-shaped, Gram-positive, spore-forming bacteria found in various environments, some species of which are pathogenic to humans.

Chest X-ray

A radiographic image of the thorax used to diagnose conditions affecting the chest, its contents, and nearby structures.