Refer to the figure below. At the market equilibrium quantity, the social marginal cost of the last ton of paper produced is ______ the marginal benefit of the last ton of paper produced.
A)less than or equal to
B)equal to
C)less than
D)greater than

Question

Refer to the figure below. At the market equilibrium quantity, the social marginal cost of the last ton of paper produced is ______ the marginal benefit of the last ton of paper produced. 
A)less than or equal to 
B)equal to 
C)less than 
D)greater than

Quizplus · Accepted Answer

The Answer of Refer to the figure below. At the market equilibrium quantity, the social marginal cost of the last ton of paper produced is ______ the marginal benefit of the last ton of paper produced. 
A)less than or equal to 
B)equal to 
C)less than 
D)greater than

Refer to the Figure Below