If a market produces a level of output that exceeds the competitive equilibrium output, then
a) producer surplus will be higher. b) social welfare will be higher. c) marginal cost will exceed price. d) All of the above.
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Home » Business » If a market produces a level of output that exceeds the competitive equilibrium output, then a) producer surplus will be higher. b) social welfare will be higher. c) marginal cost will exceed price. d) All of the above.