When the efficient quantity is produced . A. producer surplus is maximized B. consumer surplus is maximized C. buyers and sellers acting in their self-interest do not promote the social interest D. total surplus is maximized

The correct answer is letter B

Consumer surplus is therefore a measure of economic well-being, and the higher its value, the greater the benefit to consumers in that market. We will thus have that the producer surplus is equivalent to the area of the polygon determined by the supply curve and a certain marketing price.

Consumer surplus is one component of the economic surplus, a concept that gained popularity with the English economist Alfred Marshall.

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explanation:

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