Multiple Choice
If either the production or consumption of a good generates an external benefit, then the:
A) social demand curve will lie to the right of the private demand curve.
B) social demand curve will lie to the left of the private demand curve.
C) social marginal cost curve will lie to the left of the private marginal cost curve.
D) social marginal cost of the good will equal zero.
Correct Answer:

Verified
Correct Answer:
Verified
Q140: Suppose Erie Textiles can dispose of its
Q141: The town of Pleasantville has two local
Q142: Suppose that a government agency is trying
Q143: Suppose that a vaccine is developed for
Q144: This graph shows the marginal cost and
Q146: Suppose there are ten people playing cards
Q147: If the equilibrium quantity is equal to
Q148: When Brady is driving he throws his
Q149: Refer to the figure below. Private incentives
Q150: If the marginal cost of reducing pollution