Ask Question
BusinessBusiness
30 March, 22:21

Economic efficiency in a free market occurs when

A) consumer surplus is maximized.

B) producer surplus is maximized.

C) the sum of consumer surplus and producer surplus is maximized.

D) price is ad low as possible.

+4
Answers (1)
  1. 31 March, 00:29
    0
    Answer: Economic efficiency in a free market occurs when C) the sum of consumer surplus and producer surplus is maximized.

    Explanation: Economic efficiency happens when resources are distributed in a way that allows for the least amount of waste so that there is little inefficiency. When all items are maximized, there is little waste happening and therefor the economic has achieved economic efficiency.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Economic efficiency in a free market occurs when A) consumer surplus is maximized. B) producer surplus is maximized. C) the sum of consumer ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What do the proclamation line of 1763 the stamp act of 1765 and the townshend act of 1767 have in common?
Answers (1)
The following are the current? month's balances for ABC Financial? Services, Inc. before preparing the trial balance.
Answers (1)
The management of Leyton Electronics Inc. always favors market orientation over the other marketing management philosophies. In this case, which of the following is most likely to be true of Leyton Electronics Inc.? A.
Answers (1)
Your company has money to invest in an employee benefit plan and you have been chosen to be the plan's trustee.
Answers (1)
Lotta Dough just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due. What is the present value of this stream of payments if money can earn 7 percent annual interest?
Answers (1)
New Questions in Business
An interest rate that remains the same throughout the entire loan repayment period
Answers (1)
Which of the following statements is consistent with the ideas that W. Edwards Deming promoted regarding quality management? a. Understanding variation is essential to improving quality b.
Answers (1)
In a recent annual report, Fourth Wall Inc. (formerly Greencube) disclosed that 61,700,000 shares of common stock have been authorized.
Answers (1)
This type of evidence can lead to the hasty generalization fallacy Personal Experience Intuition Analogy Research
Answers (1)
Interest rates generally reflect the potential elects of initation the level of risk in an investment the real value of the investment the amount of money invested
Answers (1)
Home » Business » Economic efficiency in a free market occurs when A) consumer surplus is maximized. B) producer surplus is maximized. C) the sum of consumer surplus and producer surplus is maximized. D) price is ad low as possible.
Sign Up Forgot Password?