As the quantity produced of a good increases,the social welfare generated by that good increases.

Name: As the quantity produced of a good increases,the social welfare generated by that good increases.
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Question

Quizplus · Accepted Answer

This only takes consumer surplus into account.Beyond the competitive equilibrium,additional units of output have less value than the cost to make them.Thus,beyond the competitive equilibrium,social welfare declines as the quantity of a good increases.

As the Quantity Produced of a Good Increases,the Social Welfare