Community surplus equals:
A) Producer surplus plus marginal utility
B) Consumer surplus plus producer surplus
C) Producer surplus minus consumer surplus
D) Total utility minus marginal utility
Correct Answer:
Verified
Q1: If the Social Marginal Benefit is greater
Q3: If there is a positive consumption externality,
Q4: The free rider problem occurs:
A) With monopolies
B)
Q5: A merit good:
A) Is one that is
Q6: A monopoly occurs when a firm dominates
Q7: With a negative production externality the amount
Q8: A demerit good:
A) Is one that is
Q9: An example of a demerit good is:
A)
Q10: The free market assumes that:
A) Consumers are
Q11: The extra satisfaction consumers gain from consuming
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