When an Athletic Shoe Company Is Producing a Level of Output

Multiple Choice

When an athletic shoe company is producing a level of output at which price is greater than MC, from society's standpoint the company is producing too

A) Much because society is giving up more to produce additional shoes than the shoes are worth.
B) Much because society would be willing to give up more alternative goods in order to get additional shoes.
C) Little because society is giving up more to produce additional shoes than the shoes are worth.
D) Little because society would be willing to give up more alternative goods in order to get additional shoes. High profits in a particular industry indicate that consumers want a different mix of output (more of that particular industry's goods) .