If the efficient output of computers is achieved this year, then market price of computers is equal to:

Question

Quizplus · Accepted Answer

When the efficient output of computers is achieved, it means that the quantity of computers produced and consumed is at a level where the marginal social benefit (MSB) of consuming an additional unit is equal to the marginal social cost (MSC) of producing that additional unit. This equilibrium ensures that resources are allocated efficiently, leading to an optimal market price that reflects both MSB and MSC.

If the Efficient Output of Computers Is Achieved This Year