Which of the Following Conditions Holds in an Economically Efficient

question 189

Multiple Choice

Which of the following conditions holds in an 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 maximized.

---

Definitions:

Selling Strategies

Comprehensive plans designed to engage potential buyers and convince them to purchase a product or service.

Undifferentiated Selling

The process of applying and designing selling strategies equally to all accounts.

Time Management Skills

The ability to use one's time effectively and efficiently, especially by allocating specific time slots to activities based on their importance.

Systematic Account

An organized method or approach to recording financial transactions or accounts that follow a consistent procedure.