If Output Is Produced at the Level at Which the Marginal

question 188

Multiple Choice

If output is produced at the level at which the marginal social benefit curve and the supply curve intersect, then

• A)the level of output is socially desirable.
• B)the level of output results in a net social cost.
• C)the level of output results in a net social benefit.
• D)producers will incur losses.
• E)there will be no buyers in the market.