At the current level of consumption, the marginal social benefit of health care is $300 while the marginal social cost if $450. Based on this information:

Question

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At the current level of consumption, the marginal social cost of health care is higher than the marginal social benefit, which indicates that there is overconsumption of health care. Therefore, the quantity of health care should be decreased to reach the efficient level where the marginal social benefit equals the marginal social cost.

At the Current Level of Consumption, the Marginal Social Benefit