Suppose that smoking creates a negative externality. If thegovernment does not interfere in the cigarette market, then
A.
the equilibrium quantity of smoking will equal the socially optimal quantity of smoking.
B.
the equilibrium quantity of smoking will be greater than the socially optimal quantity of smoking
C.
the equilibrium quantity of smoking will be less than the socially optimal quantity of smoking
D.
There is not enough information to answer the question.