If There Is an External Cost Associated with the Production

Multiple Choice

If there is an external cost associated with the production or consumption of a good in a competitive industry,then:

A) the output of the good produced will be too small compared to its demand in the market.
B) in equilibrium,the social marginal cost of production will be greater than the private marginal benefit to the consumers.
C) private benefits derived from the consumption of the good will exceed the private cost of producing the good.
D) the efficient level of output is given by the point where the private marginal cost curve intersects the private marginal benefit curve.