Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.
A) are less than; greater than
B) exceed; less than
C) are less than; less than
D) equal; greater than

Question

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The Answer of Assuming there are no externalities, if a firm produces an output level where the benefits to consumers ________ the cost to suppliers to produce it, then price is ________ marginal cost.
A) are less than; greater than
B) exceed; less than
C) are less than; less than
D) equal; greater than

Assuming There Are No Externalities, If a Firm Produces an Output