Which of the Following Statements Is False

question 104

Multiple Choice

Which of the following statements is false?

• A)If marginal cost exceeds marginal benefit, too much is being produced.
• B)Taking money from the rich and giving it to the poor does not improve efficiency.
• C)Three conditions must be met to achieve efficiency.
• D)If all consumers experience the same marginal benefit, equity has resulted.
• E)To achieve efficiency, a producer whose marginal cost is lower than his or her competitors should produce more than his or her competitors.

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Definitions:

Negligent Conduct

Actions or failures to act that breach a duty of care and result in harm or damage to another party.

Proximate Cause

A legal concept referring to the primary cause of an injury or damage that is considered legally sufficient to hold someone responsible.

Superseding Cause

An intervening act or event that breaks the direct connection between the original wrongful act and the injury that occurred, relieving the original offender of liability.

Substantial Factor

A significant element or cause that contributes in a meaningful way to a particular outcome.