Question

question 5 of 19 > welfare and efficiency — end of chapter problem at the equilibrium quantity, marginal benefit is marginal cost. consuming means that some mutually beneficial exchanges do not take place, and producing means that some goods go unsold.

Explanation:

In economic equilibrium, marginal benefit equals marginal cost. Consuming less than equilibrium quantity leads to un - realized mutually beneficial exchanges, and producing more than equilibrium quantity results in unsold goods.

Answer:

Equal to; less than the equilibrium quantity; more than the equilibrium quantity