Resources Are Efficiently Utilised When Production Is Such That Marginal

question 136

Multiple Choice

Resources are efficiently utilised when production is such that marginal social benefit

• A) exceeds marginal social cost by as much as possible.
• B) is less than marginal social cost.
• C) is equal to marginal social cost.
• D) None of the above because efficiency has to do with property rights and has nothing to do with marginal social benefit or marginal social cost.

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