-The Above Table Shows the Marginal Benefits and Costs from the Production

question 98

Multiple Choice

-The above table shows the marginal benefits and costs from the production of fertiliser. There are no external benefits. If the market is perfectly competitive and unregulated, at the equilibrium output, the

• A) marginal private cost exceeds the marginal private benefit.
• B) marginal social cost equals the marginal private benefit.
• C) marginal private cost is less than the marginal private benefit.
• D) marginal social cost is greater than the marginal private benefit.

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