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If the Use of a Common Resource Is Determined in the Private

Question 170

Multiple Choice

If the use of a common resource is determined in the private market,the resource will be _____ since the marginal social benefit will be equal to the marginal private cost of production,which is _____ the marginal social cost.


A) underused;greater than
B) overused;less than
C) overused;greater than
D) underused;equal to

Correct Answer:

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