Solved

If the Social Benefit of Consuming a Good or a Service

Question 31

Multiple Choice

If the social benefit of consuming a good or a service exceeds the 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q20: Figure 5-13<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4192/.jpg" alt="Figure 5-13

Q28: Global warming refers to the effect of

Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3018/.jpg" alt=" Suppose there are

Q32: Assume that production from an electric utility

Q91: How does a public good differ from

Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3018/.jpg" alt=" Figure 5-1 shows

Q99: An externality is<br>A)a benefit realized by the

Q215: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3018/.jpg" alt=" Figure 5-2 shows

Q223: Which of the following best illustrates the

Q225: If the United States and other developed