Consider the following statements: (A) If a market generates a side effect or externality, then the market solution is inefficient. (B) If a market is efficient, then the quantity produced in the market maximises both producer's and consumer's surplus. (C) Consumer's surplus is the buyer's willingness to pay minus the seller's cost. (D) Smith's invisible-hand concept implies that competitive market outcomes generate equity among members of society. (E) Competitive market equilibrium is Pareto efficient. Choose the correct answer from the options given below:
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