Reducing output from the privately optimal level to the socially optimal level will
A)cause a loss of consumption to consumers.
B)reduce marginal damages.
C)reduce the production costs.
D)cause all of the above.

Question

Quizplus · Accepted Answer

Reducing output from the privately optimal level to the socially optimal level will reduce marginal damages and production costs, but it will also cause a loss of consumption to consumers.

Reducing Output from the Privately Optimal Level to the Socially