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Consider the Production of Some Industrial Good That Creates Air

question 199

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Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC) , the marginal cost (MC) , and the marginal social benefit (MSB) for each level of output (Q) . Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC) , the marginal cost (MC) , and the marginal social benefit (MSB)  for each level of output (Q) .   The inefficient market quantity is ________ and the efficient market quantity is ________. A)  4; 3 B)  6; 3 C)  3; 4 D)  4; 6 The inefficient market quantity is ________ and the efficient market quantity is ________.


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