If the Social Benefit Is Greater Than the Private Benefit

Multiple Choice

If the social benefit is greater than the private benefit in a particular market,then the private equilibrium will be at a quantity:

A) greater than the socially optimal level.
B) equal to the socially optimal level.
C) less than the socially optimal level.
D) greater than or less than the socially optimum level, depending on the size of the external costs.