For the Efficient Level of Output to Be Produced, Marginal

question 32

Multiple Choice

For the efficient level of output to be produced, marginal

• A) damage cost must equal zero.
• B) benefit must equal marginal private cost.
• C) social cost must be zero.
• D) benefit must equal marginal social cost.

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A payment made by a company out of its profits to its shareholders, usually in the form of cash.

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