Multiple Choice
When there are no externalities,
A) the market equilibrium occurs at the point where the marginal social benefit is equal to the marginal social cost.
B) society is not as well off as it could be.
C) the marginal social cost is different from the marginal private cost.
D) other people must bear part of the cost.
E) there is no market equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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