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Generate the largest possible surplus

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Reference no: EM131258777

For market equilibrium to generate the largest possible surplus and thus be efficient, which condition(s)must be met?

a. Marginal benefit must be greater than marginal cost.

b. Marginal benefit must be less than marginal cost.

c. Marginal benefit must be equal to marginal cost.

d. Total producer surplus must be minimized.

e. Total consumer surplus must be maximized.

Reference no: EM131258777

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