Efficiency in a Market Occurs When the Production of the Good

question 338

Multiple Choice

Efficiency in a market occurs when the production of the good is such that

• A) marginal benefit exceeds marginal cost.
• B) marginal benefit equals marginal cost.
• C) marginal benefit is lower than marginal cost.
• D) the marginal cost stops increasing.
• E) marginal benefit exceeds marginal cost by the maximum amount possible.

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