Television sets. 3. A prominent senator has calculated the total social benefit of the current amount of space exploration at $3 billion per year. The total social cost of space exploration is currently only $2 billion. The senator argues that a net gain to society would result by in- creasing the amount of space exploration until total costs rise enough to equal total benefits. Is the sena- tor's logic correct? The market wilibrium price for rice in Lanan would