When the marginal benefit from a good exceeds its marginal cost, ______. A. There is overproduction of
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When the marginal benefit from a good exceeds its marginal cost, ______.
A. There is overproduction of the good
B. A deadweight loss, which is the excess of marginal benefit over marginal cost, arises
C. Producer surplus decreases and consumer surplus increases
D. Total production increases and efficiency increases
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C Producer surplus decreases and consumer surplus increases The marginal benefit from a good is ...View the full answer
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