True/False
In the absence of externalities, total social surplus equals total private surplus.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: Total producer surplus is equal to total
Q47: The equilibrium price for a pure public
Q48: Private efficiency occurs when marginal revenue exceeds
Q49: When firms stopped producing video tapes and
Q50: Jason sells Amy a worthless coin. He
Q52: Firms adopting corporate social responsibility not only
Q53: Which of the following is not a
Q54: Firms with market power cause market failure
Q55: Cost- Benefit Analysis looks at the social
Q56: What are some of the advantages of