The market for a common resource has no government regulation.At the market equilibrium,
A)marginal social benefit is greater than marginal social cost.
B)marginal social benefit equals marginal social cost.
C)marginal social benefit is less than marginal cost.
D)marginal social benefit is greater than marginal cost.
E)marginal social benefit equals marginal cost.

Question

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The Answer of The market for a common resource has no government regulation.At the market equilibrium,
A)marginal social benefit is greater than marginal social cost.
B)marginal social benefit equals marginal social cost.
C)marginal social benefit is less than marginal cost.
D)marginal social benefit is greater than marginal cost.
E)marginal social benefit equals marginal cost.

The Market for a Common Resource Has No Government Regulation