Multiple Choice
When society receives more benefits from a good than the individuals who consume the good, then:
A) the marginal social benefit from the good is less than the marginal social cost.
B) the average social benefit is less than the average social cost.
C) the property rights on the good has been well defined.
D) the production of the good generates a positive externality.
E) the production of the good generates a negative externality.
Correct Answer:
Verified
Correct Answer:
Verified
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