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28 December, 13:50

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.

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Answers (1)
  1. 28 December, 17:30
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    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.
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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.
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