-Refer to Figure 15-15. What is the economically efficient output level?

Name: -Refer to Figure 15-15. What is the economically efficient output level?
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The economically efficient output level is where the marginal social cost (MSC) equals the marginal social benefit (MSB). This typically occurs at the intersection point of the MSC and MSB curves, which, based on the description, would be at Q3 units.