1612EconomicsMedium
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?
Aso that consumer surplus is zero
Bless than the efficient level of output
Cmore than the efficient level of output
Dthe efficient level of output
Correct answer
B. less than the efficient level of output
Explanation
The correct answer is less than the efficient level of output.