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The Marginal Social Cost of a Common Resource Is _____

question 47

Multiple Choice

The marginal social cost of a common resource is _____ than an individual's marginal cost,and without government intervention the market will allow provision of _____ of the common resource than is socially optimal.


Definitions:

Language

A complex system of communication that uses symbols, sounds, and rules to convey information and express thoughts, emotions, and ideas.

Transformational Grammar

A linguistic theory that seeks to describe how the deep and surface structures of sentences are related by rules of transformation.

Surface Structures

In linguistics, the outward form of language syntax that can vary without altering the underlying deep structure's meaning.

Deep Structure

In linguistics, the underlying syntactic structure or meaning of a sentence, beyond the words and their direct arrangement.

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