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The equilibrium price and quantity in a market usually produce allocative efficiency because A. all consumers who want the good are satisfied. B. marginal benefit and marginal cost are equal at that point. C. equilibrium ensures an equitable distribution of output. D. the excess of goods produced at equilibrium guarantees that all will have enough.

Respuesta :

Answer:

The correct answer is option B.

Explanation:

When a market is producing at its equilibrium price and quantity, the marginal benefit earned from the consumption will be equal to the marginal cost incurred in production.

The market at this level will achieve allocative efficiency. When the price of the product is equal to the marginal cost incurred in its production, the production is said to be allocatively efficient. The price represents a benefit to the consumers.

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