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QUESTION 3 1 The economic efficiency rule requires production of the quantity of output where: a . profit is maximized b . marginal social benefit

QUESTION 31
The economic efficiency rule requires production of the quantity of output where:
a. profit is maximized
b. marginal social benefit is maximized
c. marginal social benefit equals marginal social cost
d. the excess of marginal social benefit over marginal social cost is maximized
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