If the quantity of corn is such that the marginal cost of corn is greater than the marginal benefit of corn, then I. there is a deadweight loss.
II) more than the efficient quantity of corn is produced.
A) Only I is correct.
B) Only II is correct.
C) Both I and II are correct.
D) Neither I nor II is correct.

Question

Quizplus · Accepted Answer

When the marginal cost is greater than the marginal benefit, it indicates overproduction, leading to a deadweight loss and more than the efficient quantity being produced.

If the Quantity of Corn Is Such That the Marginal