Multiple Choice
Use the figure below to answer the following questions.
Figure 16.2.1
-Refer to Figure 16.2.1.The figure shows the private marginal cost curve,the social marginal cost curve and the market demand curve.If the market is unregulated,then at the equilibrium output the marginal social cost of production is
A) less than the marginal benefit to consumers.
B) greater than the marginal benefit to consumers.
C) equal to the marginal benefit to consumers.
D) equal to the marginal private cost of production.
E) less than the marginal private cost of production.
Correct Answer:

Verified
Correct Answer:
Verified
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