Multiple Choice
When you consume good Q, not only do you benefit from consuming the good but other people benefit from your consumption as well. If firms produce good Q where P = MC, firms will be producing
A) so that consumer surplus is zero.
B) more than the efficient level of output.
C) the efficient level of output.
D) so that consumer surplus is maximised.
E) less than the efficient level of output.
Correct Answer:

Verified
Correct Answer:
Verified
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