For a public good, the marginal social benefit will be higher than any individual's marginal benefit of consumption.False

Question

Quizplus · Accepted Answer

This is because public goods have the characteristic of non-rivalry in consumption, which means that one person's consumption of the good does not diminish the quantity available for others to use. Therefore, the total benefit (or social benefit) of consuming the good is the sum of the benefit derived by each individual. As a result, the marginal social benefit will be higher than any individual's marginal benefit.

For a Public Good, the Marginal Social Benefit Will Be