When people make decisions about the quantity of education to undertake, they balance the marginal social benefit against the marginal private cost.
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Q427: Q428: Q429: In an unregulated competitive market, the presence Q430: The problem of the commons is the Q431: If an activity has an external benefit, Q432: One way that government can encourage the Q433: Subsidizing education can lead an efficient level Q434: The marginal social benefit is the sum Q436: The government can aid in reducing pollution Q437: In an unregulated competitive market, the presence
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