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From Society's Perspective, in the Presence of a Supply-Side Market

Question 3

Multiple Choice

From society's perspective, in the presence of a supply-side market failure, the last unit of a good produced typically


A) generates more of a benefit than it costs to produce.
B) produces a benefit exactly equal to the cost of producing the last unit.
C) maximizes the net benefit to society.
D) costs more to produce than it provides in benefits.

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