If marginal benefit is equal to marginal cost, then the: A. sum of producer surplus and consumer surplus equals zero. B. market has squeezed out total surplus so that it equals zero. C.sum of producer surplus and consumer surplus is as large as possible. D.producer surplus is equal to the consumer surplus.

If marginal benefit is equal to marginal cost, then the: A. sum of producer surplus and consumer surplus equals zero. B. market has squeezed out total surplus so that it equals zero. C.sum of producer surplus and consumer surplus is as large as possible. D.producer surplus is equal to the consumer surplus.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section7.2: Producer Surplus

Problem 2QQ

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