If less than the efficient level of output of a product is being produced, then at that lower level of output

Question

Answer

MSB is zero since there is too much output of the product being produced

Answer

The marginal social benefit MSB is equal to the marginal social cost MSC

Answer

MSB is lower than MSC

Answer

MSB is higher than MSC

Answer

All of the above answers are incorrect because there is not enough information about the consumer surplus

Crowdly