Multiple Choice
Use the following to answer question(s) : Market Failure 1
-(Exhibit: Market Failure 1) If the market produces quantity E, then:
A) marginal benefit is equal to marginal cost.
B) marginal benefit is less than marginal cost.
C) marginal benefit is greater than marginal cost.
D) price is equal to marginal cost and greater than marginal benefit.
Correct Answer:
Verified
Correct Answer:
Verified
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