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linhhh linhhh
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3 years ago
When you consume good Q not only do you benefit from consuming the good, but the other people benefit from your consumption as well. If firms produce good Q where P = MC, firms will be producing

▸ the socially efficient level of output.

▸ so that consumer surplus is zero.

▸ more than the socially efficient level of output.

▸ less than the socially efficient level of output.
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Essential Economics for Business

Essential Economics for Business


Edition: 5th
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dnlee1dnlee1
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linhhh Author
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3 years ago
Brilliant ツ
bbbbbbbh
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Helped a lot
foxrcng11
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Thank you, thank you, thank you!
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