Occurs when a market is efficient

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Reference no: EM13735477

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.

Reference no: EM13735477

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