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Part $1$

Economic efficiency is achieved when there is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production and

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Part $1$

A$.$

economic surplus is minimized.

B$.$

economic surplus plus consumer surplus equals producer surplus.

C$.$

the difference between consumer surplus and producer surplus is maximized.

D$.$

consumer surplus plus producer surplus is maximized.