At a Competitive Equilibrium,if There Are No Taxes,subsidies,price Regulations,quantity Regulations,or

question 255

Multiple Choice

At a competitive equilibrium,if there are no taxes,subsidies,price regulations,quantity regulations,or externalities,

• A) the marginal benefit is greater than the marginal cost.
• B) resource use is efficient.
• C) the marginal benefit is less than the marginal cost.
• D) both the marginal benefit and the marginal cost of the last unit produced equal zero.
• E) the marginal benefit is greater than the marginal cost by as much as possible.