If the production of oranges reduces global warming, then the equilibrium quantity of oranges will bethe socially optimal quantity. A. higher than B. lower than C. equal to D. more valuable than

B. lower than

Explanation:

As orange has a positive externality which cannot be included in the cost, the social optimal will be lower. That's because, neither the consumer will pay to benefit the entire society a higher price than their marginal utility or the producer produce when marginal cost exceed the marginal revenue

The government should try to subsidize the market to allow for a hiher quantity of organge an achieve the socially optinal quantity.