To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________.
A) marginal social cost; marginal private cost
B) marginal social cost; marginal social benefit
C) marginal social benefit; marginal private cost
D) marginal private cost; marginal private benefit

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