Question: Econ A market equilibrium is only efficient when: Select one: a.Buyers and sellers each earn equal surplus from the transaction. b.Consumer surplus and producer surplus

Econ

A market equilibrium is only efficient when:

Select one:

a.Buyers and sellers each earn equal surplus from the transaction.

b.Consumer surplus and producer surplus are both zero.

c.All relevant costs, including those imposed on others, are accounted for.

d.Income is distributed equitably.

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