When a competitive market is in equilibrium, what is the economically efficient level of output? A. any output level where marginal cost is greater than marginal benefit B. any output level where marginal benefit is greater than marginal cost C. the output level where marginal cost is equal to marginal benefit D. All of the above.
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Home » Business » When a competitive market is in equilibrium, what is the economically efficient level of output? A. any output level where marginal cost is greater than marginal benefit B. any output level where marginal benefit is greater than marginal cost C.