Society will experience overconsumption if the
A. marginal social benefit is greater than the marginal private cost.
B. marginal private cost is greater than the marginal private benefit.
C. marginal private benefit is greater than the marginal social cost.
D. marginal social cost is greater than the marginal social benefit.
Answer:D
Society will experience overconsumption if the
A. marginal social benefit is greater than the marginal private cost. B. marginal private cost is greater than the marginal private benefit. C. marginal private benefit is greater than the marginal social cost. D. marginal social cost is greater than the marginal social benefit.