What Is Maximised in a Competitive Market When Marginal Benefit

question 171

Multiple Choice

What is maximised in a competitive market when marginal benefit equals marginal cost?

• A)Deadweight loss
• B)Marginal profit
• C)Economic surplus
• D)Selling price

---

Definitions:

Task Difficulty

The level of challenge presented by a task, which can affect performance and engagement.

Attention

the act or state of applying the mind to something; the ability to closely and carefully listen, watch, or consider something or someone.

Automatic Processing

The performance of a task with little or no conscious thought, often as a result of repeated practice and learning.

Controlled Processing

A detailed level of mental processing that requires focused attention and effort, typically used when a task is difficult or unfamiliar.