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If Production Is Not at an Efficient Level,which of the Following

Question 1

Multiple Choice

If production is not at an efficient level,which of the following must be true?


A) Marginal social benefit exceeds marginal social cost.
B) Marginal social cost exceeds marginal social benefit.
C) Production will increase.
D) Production will decrease.
E) Total surplus is not maximized.

Correct Answer:

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