Multiple Choice
If the marginal cost of producing a public good is less than society's total willingness to pay per unit, then
A) the optimal amount of the public good is being produced.
B) less than the optimal amount of the public good is being produced.
C) more than the optimal amount of the public good is being produced.
D) the amount of output being produced could be either greater than or less than the optimal amount.
Correct Answer:
Verified
Correct Answer:
Verified
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