For a public good,the marginal social benefit will be higher than any individual's marginal benefit of consumption.

Question

Quizplus · Accepted Answer

The marginal social benefit of a public good takes into account the benefits enjoyed by all individuals in the society, whereas an individual's marginal benefit only takes into account their own personal benefit. As a result, the marginal social benefit will be higher than any individual's marginal benefit of consumption.

For a Public Good,the Marginal Social Benefit Will Be Higher