If the marginal social benefit of a good equals the marginal private benefit of the good, then the marginal external benefit of the good

Name: If the marginal social benefit of a good equals the marginal private benefit of the good, then the marginal external benefit of the good
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Question

Quizplus · Accepted Answer

The marginal external benefit is the difference between the marginal social benefit and the marginal private benefit. If these two are equal, the marginal external benefit is zero.

If the Marginal Social Benefit of a Good Equals the Marginal