In the equilibrium for a common resource with no government regulation,
A)marginal social benefit is greater than marginal social cost.
B)marginal social benefit equals marginal social cost.
C)marginal social benefit is less than marginal cost.
D)marginal social benefit is greater than marginal cost.
E)marginal social benefit equals marginal cost.

Question

Quizplus · Accepted Answer

The Answer of In the equilibrium for a common resource with no government regulation,
A)marginal social benefit is greater than marginal social cost.
B)marginal social benefit equals marginal social cost.
C)marginal social benefit is less than marginal cost.
D)marginal social benefit is greater than marginal cost.
E)marginal social benefit equals marginal cost.

In the Equilibrium for a Common Resource with No Government