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browngoat320Lv1
28 Nov 2020
Economic efficiency in a competitive market is achieved when
A. economic surplus is equal to consumer surplus.
B. the marginal benefit equals the marginal cost from the last unit sold.
C. consumers and producers are satisfied.
D. producer surplus equals the total amount firms receive from consumers minus the cost of production.
Economic efficiency in a competitive market is achieved when
A. economic surplus is equal to consumer surplus.
B. the marginal benefit equals the marginal cost from the last unit sold.
C. consumers and producers are satisfied.
D. producer surplus equals the total amount firms receive from consumers minus the cost of production.
rosemarvins12Lv10
6 Aug 2023
claralillia1Lv10
23 Jul 2023
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Divya SinghLv10
9 Jan 2021
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