When patients or farmers choose whether to use moreantibiotics, they compare:
A) their private benefits with the social cost.
B) their private benefits with the market price.(True Answer ) Correct
C) the social benefits with the social cost.
D) the social benefits with the market price.
Correct Answer:
Verified
Q5: An external cost is a cost paid
Q7: Q9: Q10: Figure: Market with External Cost Q17: A chemical bathroom cleaner has an ingredient Q21: When the government intervenes in markets with Q24: If an external cost is present in Q31: Ideally, a market should maximize: Q34: Markets are often inefficient when external costs Q39: If a steel manufacturer does NOT bear
A) consumer surplus.
B)
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