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Figure 4-5 -Refer to Figure 4-5. the Figure Above Represents the Market

question 333

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Figure 4-5 Figure 4-5   -Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. At a price of $3, A)  the marginal cost of pecans is greater than the marginal benefit; therefore, output is inefficiently low. B)  producers should raise the price to $9 in order to sell the quantity demanded of 12,000. C)  the marginal benefit of pecans is greater than the marginal cost; therefore, output is inefficiently high. D)  the marginal benefit of pecans is greater than the marginal cost; therefore, output is inefficiently low.
-Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. At a price of $3,

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