Multiple Choice
When there is a positive externality, at the free market equilibrium,
A) the marginal private costs are minimized.
B) the marginal private benefit is equal to the marginal social benefit.
C) the marginal private benefit is less than the marginal social benefit.
D) the marginal private benefit is greater than the marginal social benefit.
Correct Answer:
Verified
Correct Answer:
Verified
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