All firms operating in a perfectly competitive market produce unique goods

Which of the following occurs when a market is efficient?

A) Producers earn the highest income possible. B) Production costs equal total benefit. C) Consumer surplus equals producer surplus. D) Scarce resources are used to produce the goods and services that people value most highly. E) Every consumer has all of the good or service he or she wants.

A subway token does not fulfill the three functions of money

Indicate whether the statement is true or false