Assume that the price overestimates the value that society places on the flu vaccine. If firms produce where P = MC, firms will be producing ________ the socially efficient amount of flu vaccine.

A) exactly
B) more than
C) less than
D) sometimes more than and sometimes less than

Socially Efficient

A situation where resources are allocated in the most effective manner, maximizing overall social welfare.

Overestimates

Assessments or calculations that exceed the actual value or amount of something.

Flu Vaccine

A medical injection or nasal spray designed to protect against the influenza virus.