In the figure below, consumers buy a good that is competitively supplied. Consumers are poorly informed about the quality of the good, and they believe the quality of the good is lower than the true quality of the good.

a. Curve A in the figure represents________ (demand, marginal social benefit) for the good in this market, and curve B represents________ ?(demand, marginal social benefit) for the good.b. In competitive equilibrium, the price is $ ________ and ________ units are produced and consumed.c. Allocative inefficiency arises because, at the competitive output level, the marginal social benefit is $________ , which is (smaller, larger) than $________ , the marginal social cost in competitive equilibrium.d. The dead weight loss caused by imperfect information about product quality is $ ________ .

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В A 1,000 2,000 Quantity Price and marginal social benefit (dollars)