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If the Marginal Benefit Received from a Good Is Less

Question 1

Multiple Choice

If the marginal benefit received from a good is less than the marginal cost of production, then:


A) society's well-being can be improved if production increases.
B) society's well-being cannot be improved by changing production.
C) the market is producing too much of the good.
D) the market is producing too little of the good.

Correct Answer:

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