If the Marginal Benefit Received from a Good Is Less

question 127

Multiple Choice

If the marginal benefit received from a good is less than the marginal cost of production, then:

• A) society's well-being can be improved if production increases.
• B) society's well-being can be improved if production decreases.
• C) society's well-being cannot be improved by changing production.
• D) the market is producing too little of the good.

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