For a Product with External Benefits That Is Produced in a Competitive,unregulated

question 102

Multiple Choice

For a product with external benefits that is produced in a competitive,unregulated market,how can the resulting market output be described?

• A) underproduction compared to the efficient level
• B) overproduction compared to the efficient level
• C) Production equals the efficient level.
• D) Underproduction and overproduction are both possible depending on whether the external benefit is to consumption or production.
• E) None of the above is correct.

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