(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.If 1 acre is dedicated to the park, this outcome is _________ because _.
A) efficient; MSB = MSC
B) efficient; MSB > MSC
C) inefficient; MSB > MSC
D) inefficient; MSB < MSC
Correct Answer:
Verified
Q133: When innovations by one firm are quickly
Q136: Use the following to answer questions:
Q138: Use the following to answer questions:
Q149: Q150: Figure: Efficiency and Pollution Q151: Figure: The Socially Optimal Quantity of Pollution Q153: Figure: The Socially Optimal Quantity of Pollution Q155: Which of the following is an example Q157: Tony has a cell phone, and his Q158: 
(Figure: Efficiency and Pollution)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents