Suppose the Actions of the Producers of a Good Generate

Multiple Choice

Suppose the actions of the producers of a good generate an external benefit which results in the actual market price of $15 and market output of 614 units. How does this outcome compare to the efficient, ideal equilibrium?

A) The efficient price would higher than $15 while the efficient output would be less than 614 units.
B) The efficient price would be higher than $15 while the efficient output would be greater than 614 units.
C) The efficient price would be lower than $15 while the efficient output would be less than 614 units.
D) The efficient price would be lower than $15 while the efficient output would be greater than 614 units.