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What is the outcome when a production quota is used that makes the market for a common resource efficient? Question content area bottom Part 1
What is the outcome when a production quota is used that makes the market for a common resource efficient? Question content area bottom Part 1 When a production quota is used that makes the market for a common resource efficient, _______. A. marginal social benefit is greater than marginal social cost at the quantity produced B. the production quota is set for total production at the quantity at which marginal social benefit equals marginal private cost C. there is no incentive for producers to cheat D. the production quota is set for total production at the quantity at which marginal social benefit equals marginal social cost
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