To achieve social efficiency in the production of any good or service when MSC>MSB, what step is required? a) production to be kept at its current level b) production to be stopped c) production to be increased d) production to be reduced

To achieve social efficiency in the production of any good or service when MSC>MSB, what step is required? a) production to be kept at its current level b) production to be stopped c) production to be increased d) production to be reduced

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter17: Externalities And The Environment

Section: Chapter Questions

Problem 4QFR

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Question

To achieve social efficiency in the production of any good or service when MSC>MSB, what step is required?

a) production to be kept at its current level

b) production to be stopped

c) production to be increased

d) production to be reduced

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