Multiple Choice
What does a positive externality cause?
A) The marginal social benefit to be equal to the marginal private cost of the last unit produced
B) The marginal social benefit to be less than the marginal private cost of the last unit produced
C) The marginal social benefit to exceed the marginal private cost of the last unit produced
D) The marginal private benefit to exceed the marginal social cost of the last unit produced
Correct Answer:
Verified
Correct Answer:
Verified
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