Why is total surplus maximized at the market equilibrium

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Neither the surplus for consumers nor that for producers is maximized at the market outcome. There are various other outcomes where either side is better off than at the market equilibrium. Yet, where is the total surplus the greatest? It's when we hit the market outcome-where the demand and supply curves intersect. Why is total surplus maximized at the market equilibrium?

Reference no: EM132328754

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