The Total Social Benefit of Automobiles Equals the Total Social

question 19

Multiple Choice

The total social benefit of automobiles equals the total social cost at current annual output. Then it follows that:

• A) the annual output of automobiles is efficient.
• B) the annual output of automobiles exceeds the efficient amount.
• C) less than the efficient annual output of automobiles is produced.
• D) it is not possible to make buyers of automobiles better off without harming sellers.
• E) both a and d

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