Which of the Following Statements Is TRUE

question 438

Multiple Choice

Which of the following statements is TRUE?

• A) At the efficient quantity, marginal social benefit equals marginal social cost.
• B) Marginal social cost increases as the quantity produced decreases.
• C) Marginal social benefit decreases as the quantity consumed decreases.
• D) If marginal social benefit exceeds marginal social cost by as much as possible, production is efficient.

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