Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) If marginal cost exceeds marginal benefit, too much is being produced.
B) Taking money from the rich and giving it to the poor does not improve efficiency.
C) Three conditions must be met to achieve efficiency.
D) If all consumers experience the same marginal benefit, equity has resulted.
E) To achieve efficiency, a producer whose marginal cost is lower than his or her competitors should produce more than his or her competitors.