问题
单项选择题
Which of the following relationships most accurately describes the inefficiency resulting from government imposed production quotas()
A. Marginal benefit exceeds marginal cost leading to underproduction.
B. Marginal benefit exceeds marginal cost leading to overproduction.
C. Marginal cost exceeds marginal benefit leading to overproduction.
答案
参考答案:A
解析:
Government imposed quotas restrict production to a level below that which would occur if marginal benefit equals marginal cost. This restricted output quantity is less than the equilibrium quantity, so marginal benefit exceeds marginal cost.