Suppose Each Person in a Community Had to Pay for His

Multiple Choice

Suppose each person in a community had to pay for his or her own education from kindergarten through high school. One would expect that:

A) less education would be acquired, since society has not considered the positive external benefits of education.
B) more education would be acquired, since society has not considered the positive external benefits of education.
C) the optimal amount of education would be acquired by community members, since they each paid for the amount of education they wanted.
D) a Pigouvian tax would ensure the optimal amount of education.