If the marginal social benefit (msb) is greater than the marginal private benefit, the market outcome . efficient, producing the appropriate amount of the good. b. inefficient, producing too much of the good. c. inefficient, producing too little of the good. d. efficient, implying that there is no role for government involvement.

The correct answer is option B.

Explanation:

If the marginal private benefit is greater than the marginal private benefit, this indicates there is a positive externality in the market. The production of the good in this situation is inefficient.  

The government needs to intervene and reduce production as too much good is being produced.  

The government can correct the externalities by providing subsidies or grants to the producers.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.