Say a market is efficient. Which of the following occurs? Question 1 options: Consumer surplus equals producer surplus. Production costs equal total benefit. Every consumer has all of the good or service he or she wants. Producers earn the highest income possible. Scarce resources are used to produce the goods and services that people value most highly.

Say a market is efficient. Which of the following occurs? Question 1 options: Consumer surplus equals producer surplus. Production costs equal total benefit. Every consumer has all of the good or...

Say a market is efficient. Which of the following occurs?

Question 1 options:

	Consumer surplus equals producer surplus.
	Production costs equal total benefit.
	Every consumer has all of the good or service he or she wants.
	Producers earn the highest income possible.
	Scarce resources are used to produce the goods and services that people value most highly.

Jun 10, 2022

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