A few years back, the U.S. federal government wanted to encourage people to purchase new electric vehicles. Government economists determined the marginal external benefit of a new electric vehicle was $7,500 but did not determine the socially optimal quantity. Which program would do the most to increase electric vehicles purchased by consumers? A tax credit - a form of subsidization - of $7,500 Private bargaining of all potential buyers and sellers of electric vehicles. A quota of 7,500 electric vehicles sold annually Government provision of electric vehicles as a public good When evaluating how much to produce, increase the quantity produced if the marginal benefit of an additional item is _____ the marginal cost of the additional item. Greater than or equal to Equal to Less than or equal to Less than