If a good is produced up to the point where marginal social benefit equals marginal social cost, then:
a. social welfare is maximized.
b. the good is overproduced and the market is inefficient.
c. firms are earning zero profits.
d. all externalities have been eliminated.
a
Economics
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A condition in a market where quantity demanded equals quantity supplied is called
A) a shortage. B) a surplus. C) market equilibrium. D) All of the above are possible correct answers.
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Explain why increasing the government budget deficit can decrease investment spending
What will be an ideal response?
Economics