When private benefits are less than social benefits,it means that:

Name: When private benefits are less than social benefits,it means that:
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Quizplus · Accepted Answer

If private benefits are less than social benefits, it means that the benefits to society as a whole exceed the benefits to the individual making the decision. This suggests that positive externalities are present in the market - benefits that accrue to third parties as a result of an economic transaction between two other parties.

When Private Benefits Are Less Than Social Benefits,it Means That