Figure: Market Failure (Figure: Market Failure) in the Figure

Multiple Choice

Figure: Market Failure (Figure: Market Failure) In the figure Market Failure, if production in this competitive market is at quantity G, then:

A) marginal benefit is less than marginal cost.
B) marginal benefit is equal to marginal cost.
C) marginal benefit is greater than marginal cost.
D) price is equal to marginal cost and less than marginal benefit.