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Question 161

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Use the following to answer questions: Use the following to answer questions: -(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park. If 5 acres is dedicated to the park, this outcome is _____ because _____. A) efficient; MSB = MSC B) efficient; MSB > MSC C) inefficient; MSB > MSC D) inefficient; MSB < MSC
-(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park. If 5 acres is dedicated to the park, this outcome is _____ because _____.


A) efficient; MSB = MSC
B) efficient; MSB > MSC
C) inefficient; MSB > MSC
D) inefficient; MSB < MSC

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