Multiple Choice
Suppose your neighbour has a beautiful garden. The benefit that she enjoys from her garden is called _______ and the benefit the rest of the neighbourhood enjoys is called _______.
A) marginal external benefit; marginal social benefit
B) private cost; external cost
C) marginal social benefit; marginal external benefit
D) marginal private benefit; marginal external benefit
Correct Answer:
Verified
Correct Answer:
Verified
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