At the socially optimum quantity of production, price equals:
A) marginal cost.
B) marginal revenue.
C) average total cost.
D) average variable cost.

Name: At the socially optimum quantity of production, price equals: A) marginal cost. B) marginal revenue. C) average total cost. D) average variable cost.
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Quizplus · Accepted Answer

At the socially optimum quantity of production, price equals marginal cost, as this is the point where resources are allocated most efficiently, maximizing social welfare.

At the Socially Optimum Quantity of Production, Price Equals