Multiple Choice
The marginal private benefit is the:
A) extra benefit enjoyed by the buyer of one extra unit of a good or service.
B) addition to the satisfaction a buyer receives from the total quantity of a product consumed.
C) extra benefit that goes to bystanders for each additional unit of a good consumed by others.
D) total extra benefit society gains from the consumption of an extra unit of a good.
Correct Answer:
Verified
Correct Answer:
Verified
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