question archive If the production of a good produces an external cost, then what is the efficient quantity? a
If the production of a good produces an external cost, then what is the efficient quantity? a
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If the production of a good produces an external cost, then what is the efficient quantity?
a. Less than the quantity at which the marginal benefit equals the marginal cost,
b. The quantity at which the marginal private benefit is greater than the marginal social benefit,
c. The quantity at which the marginal benefit equals marginal cost,
d. More than the quantity at which the marginal benefit equals the marginal cost.
Option 1
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Option 2
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