Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q). The inefficient market quantity is ________ and the efficient market quantity is ________.
A) 4; 3
B) 6; 3
C) 3; 4
D) 4; 6

Question

Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q).  The inefficient market quantity is ________ and the efficient market quantity is ________.
A) 4; 3 
B) 6; 3 
C) 3; 4 
D) 4; 6

Quizplus · Accepted Answer

The Answer of Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC), the marginal cost (MC), and the marginal social benefit (MSB) for each level of output (Q).  The inefficient market quantity is ________ and the efficient market quantity is ________.
A) 4; 3 
B) 6; 3 
C) 3; 4 
D) 4; 6

Consider the Production of Some Industrial Good That Creates Air