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Economics
MEDIUM
ENGLISH
Economics
If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?
A
total surplus is maximized
Option A
the value placed on the last unit production by buyers exceeds the cost of production.
Correct answer
C
producer surplus is maximized
Option C
D
the cost of production on the last unit produced exceeds the value placed on it by buyers.
Option D
Correct answer: B
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