Multiple Choice
If the quantity of corn is such that the marginal cost of corn is greater than the marginal benefit of corn, then I. there is a deadweight loss.
II) more than the efficient quantity of corn is produced.
A) Only I is correct.
B) Only II is correct.
C) Both I and II are correct.
D) Neither I nor II is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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