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HW12 Q4 Homework . Answered Consider a good with external costs. Which of the following best describes why the market does not produce an allocationy efficient amount? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. The marginal benefit to consumers exceeds the marginal private cost of production a and the marginal social cost of production. b The marginal social cost exceeds the marginal social benefit. C The marginal social benefit exceeds the marginal social cost. d The marginal private cost of production and the marginal social cost exceed the marginal benefit to consumers.HW12 Q5 Homework . Answered Consider a good with external costs. Which of the following government interventions will induce the market equilibrium to provide the allocationy efficient quantity? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. The government can curtail the market production of output using a per-unit tax on a suppliers of the product.. The government can curtail the market demand for output with a per-unit tax on b consumers of the product. C Either A or B will work. d Neither A nor B will work