Multiple Choice
The market for a common resource has no government regulation.At the market equilibrium,
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: Rational ignorance suggests that<br>A)all voters are ignorant.<br>B)all
Q11: Use the figure below to answer the
Q12: The economy's demand curve for a public
Q13: An example of common resource is<br>A)fish in
Q14: All of the following statements are true
Q16: Your city council is contemplating upgrading its
Q17: In which of the following cases can
Q18: The budget of a government department is
Q19: John receives a marginal benefit of $80
Q20: Private goods are<br>A)nonrival and excludable.<br>B)nonrival and nonexcludable.<br>C)always