Use the following to answer question:
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 5 acres are dedicated to the park,the park is _____ from a social perspective.
A) too large
B) the socially optimum size
C) too small
D) the efficient size
Correct Answer:
Verified
Q133: Which example is a good or market
Q134: Use the following to answer question:
Q135: Use the following to answer question:
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Q139: A Pigouvian subsidy is:
A)designed to discourage activities
Q140: Use the following to answer question:
Q141: Use the following to answer question:
Figure: MSB
Q142: Use the following to answer question:
Figure: MSB
Q143: Use the following to answer question:
Figure: Efficiency
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