If the marginal social cost of a new road exceeds its marginal social benefit, then building the road will result in a net social gain.

Name: If the marginal social cost of a new road exceeds its marginal social benefit, then building the road will result in a net social gain.
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Question

Quizplus · Accepted Answer

If the marginal social cost of a new road exceeds its marginal social benefit, then building the road will result in a net social loss, not a net social gain. It would be inefficient to build the road in this case.

If the Marginal Social Cost of a New Road Exceeds