MCQOPTIONS
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| 1. |
When you consume good Q, not only do you benefit form consuming the good but other people benefit from your consumption as well, if firms produce good Q where P = MC, firms will be producing ? |
| A. | less than the efficient level of output |
| B. | more than the efficient level of output |
| C. | so that consumer surplus is zero |
| D. | the efficient level of output |
| Answer» B. more than the efficient level of output | |