If the marginal social cost of a television exceeds the marginal social benefit of a television, it would increase society's total surplus to decrease production of televisions.

Name: If the marginal social cost of a television exceeds the marginal social benefit of a television, it would increase society's total surplus to decrease production of televisions.
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Question

Quizplus · Accepted Answer

Reducing production when marginal social cost exceeds marginal social benefit aligns production with societal welfare, increasing total surplus.

If the Marginal Social Cost of a Television Exceeds the Marginal