Suppose that the marginal social benefit from another unit of a public good is less than the marginal social cost of producing it. Then
A) the principle of minimum differentiation means that production should be decreased.
B) the number of free riders is at its efficient amount.
C) less of the product should be produced because its provision exceeds the efficient level.
D) more of the product should be produced because its provision is less than the efficient level.
C
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Which of the following groups were least likely to support restrictions on immigration?
a. Organizations like the Ku Klux Klan. b. Unionized labor. c. Employers. d. The south.
If you observed that the market price of a good rose, while the quantity exchanged fell, which of the following could have caused the change? a. An increase in supply. b. A decrease in supply
c. An increase in demand. d. A decrease in demand.