To achieve the efficient amount of use of a common resource, the use should be such that _______ equals _______ .

Name: To achieve the efficient amount of use of a common resource, the use should be such that _______ equals _______ .
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Question

Quizplus · Accepted Answer

The efficient use of a common resource is achieved when the marginal social cost (MSC) equals the marginal social benefit (MSB). This ensures that the resource is used in a way that maximizes societal welfare, taking into account all externalities.

To Achieve the Efficient Amount of Use of a Common