Answer
c. Consumer surplus plus Producer surplus
Work Step by Step
An allocation of resources that maximizes the sum of consumer surplus and producer surplus is said to be efficient.
Principles of Economics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516587X
ISBN 13:
978-1-28516-587-5
Chapter 7 - Part III - Consumers, Producers, and the Efficiency of Markets - Quick Check Multiple Choice - Page 152: 4
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