Multiple Choice
If there are both external benefits and external costs associated with the production and consumption of a good, and the external benefits are greater than the external costs,
A) More than the efficient amount is being produced
B) Less than the efficient amount is being produced
C) the efficient amount is being produced
D) We do not know whether the efficient amount, or more or less, is being produced.
Correct Answer:
Verified
Correct Answer:
Verified
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