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Consider the Production of Some Industrial Good That Creates Air

Question 433

Multiple Choice

Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC) , the marginal cost (MC) , and the marginal social benefit (MSB) for each level of output (Q) . Consider the production of some industrial good that creates air pollution. The table below gives the marginal social cost (MSC) , the marginal cost (MC) , and the marginal social benefit (MSB) for each level of output (Q) . The inefficient market quantity is ________ and the efficient market quantity is ________. A) 4; 3 B) 6; 3 C) 3; 4 D) 4; 6 The inefficient market quantity is ________ and the efficient market quantity is ________.


A) 4; 3
B) 6; 3
C) 3; 4
D) 4; 6

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