For a common resource, the marginal social cost of the resource is ________ the marginal private cost.
A) greater than
B) equal to
C) less than
D) not comparable to

Question

Quizplus · Accepted Answer

The marginal social cost of a common resource is greater than the marginal private cost because it includes the external costs imposed on others due to overuse or depletion of the resource.

For a Common Resource, the Marginal Social Cost of the Resource