When marginal private benefit is equal to marginal private cost,
A) the activity in question generates no negative externality.
B) all negative externalities have been internalized.
C) all positive externalities have been internalized.
D) the socially optimal level of output is less than the market output.
Correct Answer:
Verified
Q119: Exhibit 30-3 Q120: Exhibit 30-3 Q121: If there is a negative externality, and Q122: In the case of a negative externality, Q123: Which of the following situations is clearly Q123: The disagreement between A. C. Pigou and Q124: Suppose the optimal amount of X is Q126: There is no market failure if Q128: Which of the following situations is descriptive Q128: Hank goes to a Korean restaurant for
A)the marginal
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