Which of the following occurs when a market is efficienta, Ask an Expert

Economics

Which of the following occurs when a market is efficient?

A) Producers earn the highest income possible.

B) Production costs equal total benefit.

C) Consumer surplus equals producer surplus.

D) Scarce resources are used to produce the goods and services that people value most highly.

E) Every consumer has all of the good or service he or she wants.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274838

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