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Economics
MEDIUM
ENGLISH
Economics
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 ?
less than the efficient level of output
Correct answer
B
more than the efficient level of output
Option B
C
so that consumer surplus is zero
Option C
D
the efficient level of output
Option D
Correct answer: A
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