When Will Firms Produce an Output Level That Is Above

question 14

Multiple Choice

When will firms produce an output level that is above the socially efficient level?

• A)There are external costs of production equal to marginal benefits.
• B)There are internal costs of production and firms do not have to account for them.
• C)There are external costs of production and firms do not have to account for them.
• D)There are external costs of production and firms have account for them.

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