Multiple Choice
When society receives more benefits from a good than the individuals who consume the good,
A) the marginal social benefit for the good is less than the marginal social cost
B) too much of the good would be produced by a private market
C) property rights are assignable and well defined
D) the good produces a positive externality
E) the good is exhaustible with fixed-production technology
Correct Answer:
Verified
Correct Answer:
Verified
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Q37: The Coase solution to the externality problem
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