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For an Economist to Say That Too Little of the Good

Question 111

Multiple Choice

For an economist to say that too little of the good is produced, what must be true?


A) The consumer surplus plus the producer surplus must be smaller than it could be.
B) The consumer surplus must be smaller than optimal.
C) The consumer surplus must be larger than optimal.
D) The producer surplus must be smaller than optimal.

Correct Answer:

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