In the Figure Above,when the Market Is Unregulated and in Equilibrium,marginal

question 221

Multiple Choice

In the figure above,when the market is unregulated and in equilibrium,marginal social cost ________ marginal benefit,and the quantity of chemical produced is ________.

• A) exceeds; above the efficient quantity
• B) exceeds; below the efficient quantity
• C) is below; above the efficient quantity
• D) is below; below the efficient quantity
• E) equals; efficient

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