Correctly complete the sentences below from the options which follow.
(a) Private efficiency in consumption is where:
(b) Efficiency in production for the producer is where:
(c) Social efficiency in the market is where:

(i)marginal social benefit (MSB) equals marginal social cost (MSC).
(ii)price equals marginal utility (MU).
(iii)marginal cost (MC) equals price.

Question

Correctly complete the sentences below from the options which follow.
(a) Private efficiency in consumption is where:
(b) Efficiency in production for the producer is where:
(c) Social efficiency in the market is where:

(i)marginal social benefit (MSB) equals marginal social cost (MSC).
(ii)price equals marginal utility (MU).
(iii)marginal cost (MC) equals price.

Quizplus · Accepted Answer

The Answer of Correctly complete the sentences below from the options which follow.
(a) Private efficiency in consumption is where:
(b) Efficiency in production for the producer is where:
(c) Social efficiency in the market is where:

(i)marginal social benefit (MSB) equals marginal social cost (MSC).
(ii)price equals marginal utility (MU).
(iii)marginal cost (MC) equals price.

Correctly Complete the Sentences Below from the Options Which Follow