Question: If there is an external benefit associated with the consumption of a good, the market will underestimate the true _________, and as a result the

If there is an external benefit associated with the consumption of a good, the market will underestimate the true _________, and as a result the unregulated market will produce a quantity that is _________ than the socially optimal quantity.

A. benefit;lower

B. cost;higher

C. benefit;higher

D. benefit;equal to

E. cost;lower

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