Multiple Choice
If the price the public pays for a good is above the marginal cost of producing the good,then
A) too many units of the good will be produced.
B) too few units of the good will be produced.
C) the correct amount of the good will be produced.
D) the good will not be produced at all.
E) the market is operating efficiently.
Correct Answer:
Verified
Correct Answer:
Verified
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