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    Exam 17: Externalities
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    -In the Above Figure, If the Market Is Competitive and Unregulated
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-In the Above Figure, If the Market Is Competitive and Unregulated

Question 115

Question 115

Multiple Choice

  -In the above figure, if the market is competitive and unregulated, then at the equilibrium amount of output the marginal social benefit is A)  less than the marginal cost to producers. B)  greater than the marginal social cost. C)  equal to the marginal cost to producers. D)  equal to the marginal private benefit from consumption.
-In the above figure, if the market is competitive and unregulated, then at the equilibrium amount of output the marginal social benefit is


A) less than the marginal cost to producers.
B) greater than the marginal social cost.
C) equal to the marginal cost to producers.
D) equal to the marginal private benefit from consumption.

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