Use the following to answer questions:
-(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. The socially optimum amount of land dedicated to the public park will be _____ acres.
A) 0
B) 1
C) 3
D) 9
Correct Answer:
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Figure: Efficiency
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Figure: Efficiency
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Figure: Efficiency
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Figure: Efficiency
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