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When should a private good be produced from an efficiency standpoint? When the marginal benefit from consumption exceeds the marginal cost. When the sum of

When should a private good be produced from an efficiency standpoint? When the marginal benefit from consumption exceeds the marginal cost. When the sum of all of society's marginal benefit exceeds the marginal cost. When the marginal cost exceeds the sum of all of society's marginal benefit. When the marginal cost exceeds the marginal benefit from consumption

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