55.8k views
5 votes
When both producers and consumers experience a surplus, the market will be efficient?

User Avadhesh
by
8.9k points

1 Answer

3 votes
No the statement is not true. It will not be efficient as in order for a market to be efficient, the allocation of resources must maximize total surplus which does not seem the case in the given statement.
User Ben Hunter
by
7.5k points

No related questions found