Correctly complete the sentences below from the options which follow.
(a) If the MSC the MSB then:
(b) If the MSB the MSC, then:
(c) If the MSC = MC, then:

(i)the appropriate level of output is being produced that will lead to social efficiency.
(ii)insufficient output will be produced by the private sector for social efficiency to be achieved.
(iii)too much output will be produced by the private sector for social efficiency to be achieved.

Question

Correctly complete the sentences below from the options which follow.
(a) If the MSC > the MSB then:
(b) If the MSB > the MSC, then:
(c) If the MSC = MC, then:

(i)the appropriate level of output is being produced that will lead to social efficiency.
(ii)insufficient output will be produced by the private sector for social efficiency to be achieved.
(iii)too much output will be produced by the private sector for social efficiency to be achieved.

Quizplus · Accepted Answer

The Answer of Correctly complete the sentences below from the options which follow.
(a) If the MSC > the MSB then:
(b) If the MSB > the MSC, then:
(c) If the MSC = MC, then:

(i)the appropriate level of output is being produced that will lead to social efficiency.
(ii)insufficient output will be produced by the private sector for social efficiency to be achieved.
(iii)too much output will be produced by the private sector for social efficiency to be achieved.

Correctly Complete the Sentences Below from the Options Which Follow