Refer to the provided graph of a competitive market. If the output level is Q2, then there will be
A) allocative eﬃciency.
B) maximum deadweight losses.
C) maximum consumer surplus.
D) greater marginal beneﬁts than marginal costs of the product.

Question

Refer to the provided graph of a competitive market. If the output level is Q2, then there will be
A) allocative eﬃciency. 
B) maximum deadweight losses. 
C) maximum consumer surplus. 
D) greater marginal beneﬁts than marginal costs of the product.

Quizplus · Accepted Answer

The Answer of  Refer to the provided graph of a competitive market. If the output level is Q2, then there will be
A) allocative eﬃciency. 
B) maximum deadweight losses. 
C) maximum consumer surplus. 
D) greater marginal beneﬁts than marginal costs of the product.

Refer to the Provided Graph of a Competitive Market