Multiple Choice
The efficient quantity of a public good is
A) the quantity produced by private firms.
B) the quantity at which the marginal benefit equals the marginal cost.
C) impossible to determine because each person's marginal benefit is different.
D) the quantity at which the marginal benefit exceeds the marginal cost by as much as possible.
E) the quantity determined by the intersection of the demand curve and the supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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