If at the current output of X the PX < MCX (the price of X is smaller than the marginal cost of X), then society gains by producing more X. producing less X. lowering the price of X. increasing the cost of producing X.
If at the current output of X the PX < MCX (the price of X is smaller than the marginal cost of X), then society gains by
producing more X.
producing less X.
lowering the price of X.
increasing the cost of producing X.
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If at the current output of X the PX < MCX (the price of X is smaller than the marginal cost of X), then society gains by producing more X. producing less X. lowering the price of X. increasing the cost of producing X.
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