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If the Marginal Benefit Received from a Good Is Equal

Question 11

Multiple Choice

If the marginal benefit received from a good is equal to the marginal social cost of production, then:


A) society's well-being can be improved if production increases.
B) the market is producing an efficient quantity.
C) the market is producing too much of the good.
D) society's well-being can be improved if production decreases.

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