Use the following to answer questions:
Figure: Market Failure
-(Figure: Market Failure) In the figure Market Failure, if production in this competitive market is at quantity E:
A) marginal benefit is equal to marginal cost.
B) marginal benefit is less than marginal cost.
C) marginal benefit is greater than marginal cost.
D) price is equal to marginal cost and greater than marginal benefit.

Question

Use the following to answer questions:
Figure: Market Failure 
-(Figure: Market Failure) In the figure Market Failure, if production in this competitive market is at quantity E:
A) marginal benefit is equal to marginal cost. 
B) marginal benefit is less than marginal cost. 
C) marginal benefit is greater than marginal cost. 
D) price is equal to marginal cost and greater than marginal benefit.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions:
Figure: Market Failure 
-(Figure: Market Failure) In the figure Market Failure, if production in this competitive market is at quantity E:
A) marginal benefit is equal to marginal cost. 
B) marginal benefit is less than marginal cost. 
C) marginal benefit is greater than marginal cost. 
D) price is equal to marginal cost and greater than marginal benefit.

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