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

Question

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

Quizplus · Accepted Answer

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

Refer to the Figure Below