Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q). The inefficient market quantity is _______ and the efficient quantity is _______ .

Question

Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q).  The inefficient market quantity is _______ and the efficient quantity is _______ .

Quizplus · Accepted Answer

The Answer of Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q).  The inefficient market quantity is _______ and the efficient quantity is _______ .

Consider the Production of Some Industrial Good That Creates Air