Multiple Choice
Which of the following denotes an external benefit of production?
A) MSB < MB
B) MSC < MC
C) P = MC
D) MSB > MB
E) MSC > MC
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q76: Total private surplus is equal to total
Q77: Which of the following is not an
Q78: Give some arguments for government intervention in
Q79: Which of the following explains the concept
Q80: Government intervention to solve market failure is
Q82: If the production of a product entails
Q83: A negative externality could be corrected with
Q84: The principal- agent problem can result in
Q85: Suppose that a group of anglers owns
Q86: What types of interventions are available to