Multiple Choice
If the marginal benefit received from consuming a good is less than the marginal cost of production:
A) society's well-being can be improved if production increases.
B) society's well-being can be improved if production decreases.
C) society's well-being cannot be improved by changing production.
D) the market is producing too little of the good.
Correct Answer:
Verified
Correct Answer:
Verified
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