Multiple Choice
If the marginal social benefit of consuming a good or a service exceeds the marginal private benefit
A) a negative externality exists.
B) the market achieves economic efficiency.
C) a positive externality exists.
D) the sum of consumer surplus and producer surplus is maximized.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: A public good is<br>A)a good that is
Q63: The social cost of cutting trees for
Q64: Classifying a good as excludable means<br>A)that someone
Q65: Which of the following describes how a
Q66: What is meant by the term "internalizing
Q68: If policymakers use a pollution tax to
Q69: For the Coase theorem to work there
Q70: Define the tragedy of the commons.Give three
Q71: Figure 5-15<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-15
Q72: Figure 5-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 5-5