To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________.

Name: To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________.
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Question

Quizplus · Accepted Answer

To achieve efficiency in the use of a common resource, the marginal social cost should equal the marginal social benefit. This ensures that the resource is used in a way that maximizes overall societal welfare.

To Achieve the Efficient Amount of Use of a Common