Economy, asked by sreelakshmi33, 7 months ago

in which type of market total welfare is maximized​

Answers

Answered by senthilkaviele
0

Answer:

Total welfare is maximized when a market produces at its equilibrium price and quantity. This level of output is considered allocatively efficient because no other price and quantity combination can achieve a greater level of total surplus.

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Answered by pavni106
0

Answer:

Total welfare is maximized when a market produces at its equilibrium price and quantity. This level of output is considered allocatively efficient because no other price and quantity combination can achieve a greater level of total surplus.

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