Public interest suffers if output falls below equilibrium but improves if output rises above equilibrium.

Name: Public interest suffers if output falls below equilibrium but improves if output rises above equilibrium.
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Question

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Equilibrium output is considered the most efficient level of output where supply equals demand. If output falls below or rises above this level, it can lead to inefficiencies such as shortages or surpluses, respectively, both of which can harm public interest.

Public Interest Suffers If Output Falls Below Equilibrium but Improves