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If in Market Equilibrium the Marginal Social Cost of Producing

Question 199

Multiple Choice

If in market equilibrium the marginal social cost of producing a good exceeds the marginal private cost,


A) not enough of the product is being produced
B) the price charged for the good is too high
C) the good produces a positive externality
D) the good produces a negative externality
E) the government should produce the good

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