Answered

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Producing a good is efficient as long as the external benefits exceed the external costs.

A. True
B. False

Sagot :

GinnyAnsweridn

Final answer:

Producing a good is efficient when external benefits exceed external costs.


Explanation:

Producing a good is efficient as long as the external benefits exceed the external costs. This statement is true. When positive externalities exist, such as external benefits, production should continue as long as the marginal social benefit exceeds the marginal social cost to achieve a socially optimal equilibrium.


Learn more about Efficient Production with External Benefits and Costs here:

https://brainly.com/question/50989620


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