When the price of good X exceeds its marginal cost, how does society benefit?

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Explanation

If the price of good X (PX) is greater than its marginal cost (MCX), producing additional units of X creates a net benefit for society. This is because the value consumers place on the good exceeds the cost of producing it, so increasing production improves overall welfare.

When the price of good X exceeds its marginal cost, … — Markets, Efficiency And The Public Interest | PakQuizHub