Business

Nemo

4 June, 05:44

Suppose that the market price of good A equals the firm's cost of producing that good, but it does not reflect any costs imposed on society. Which of the following is FALSE?

a. An external benefit is associated with good A.

b. Too much of good A is being produced.

c. The good is priced too low.

d. Resources are over-allocated in the production of good A.

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