To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.
A)social cost; private cost
B)private cost; external cost
C)social cost; social benefit
D)private cost; social benefit
E)social cost; external cost

Question

To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.​
A)social cost; private cost
B)private cost; external cost​
C)social cost; social benefit​
D)private cost; social benefit​
E)social cost; external cost​

Quizplus · Accepted Answer

The Answer of To maximize social welfare in the presence of a negative externality, marginal __________ must equal marginal __________.​
A)social cost; private cost
B)private cost; external cost​
C)social cost; social benefit​
D)private cost; social benefit​
E)social cost; external cost​

To Maximize Social Welfare in the Presence of a Negative