The individual consumer gain received from buying an additional good is called:
A) marginal social benefits.
B) marginal private benefits.
C) social equilibrium.
D) marginal social equilibrium.
Correct Answer:
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Q11: _ costs are marginal costs that are
Q12: _ costs are marginal costs that are
Q13: An example of a firm's marginal private
Q14: An example of a firm's marginal private
Q15: _ costs are costs from society's perspective.
A)
Q17: _ are marginal benefits that are received
Q18: _ benefits are marginal benefits plus external
Q19: _ benefits are marginal benefits excluding external
Q20: Economic efficiency occurs when:
A) marginal social benefits
Q21: Social equilibrium is where:
A) marginal social benefits
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