Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

What condition has to be satisfied for economic efficiency to be achieved?

  • AMarginal social costs are zero in the production of all goods.
  • BMarginal social costs are at a minimum in the production of all goods.
  • CMarginal social benefits are at a maximum in the production of all goods.
  • DMarginal social costs equal marginal social benefits in the production of all goods.

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