Economic efficiency occurs when:
A) marginal social benefits equal social benefits.
B) marginal private benefits equal private benefits.
C) marginal social costs equal marginal social benefits
D) marginal social benefits equal marginal private benefits.
Correct Answer:
Verified
Q15: _ costs are costs from society's perspective.
A)
Q16: The individual consumer gain received from buying
Q17: _ are marginal benefits that are received
Q18: _ benefits are marginal benefits plus external
Q19: _ benefits are marginal benefits excluding external
Q21: Social equilibrium is where:
A) marginal social benefits
Q22: Positive externalities result in _ of a
Q23: Because of a _ externality, marginal social
Q24: Because of a _ externality, marginal social
Q25: (Figure: Externalities 0) In this figure, which
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