From a Social Viewpoint,when Price = Marginal Cost

question 60

Multiple Choice

From a social viewpoint,when price = marginal cost:

• A)the economy as a whole would be better off if more was produced.
• B)the economy as a whole would be better off if less was produced.
• C)firms would be better off by producing less.
• D)economic efficiency is attained as a whole.
• E)consumers will be better by consuming less.

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