-The Figure Above Shows the Market for a Good with an External

question 33

Multiple Choice

-The figure above shows the market for a good with an external benefit. The efficient level of production is ________ units because ________.

• A) 8; marginal benefit equals the marginal external benefit
• B) 8; marginal benefit equals marginal cost
• C) 8; marginal cost is less than marginal social benefit
• D) 10; marginal cost equals marginal social benefit
• E) 10; marginal social benefit exceeds marginal benefit

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Definitions:

Tough Battlers

Individuals or groups who are known for their resilience and determination in facing challenges.

Lack of Identity

The state of not having a clear or defined sense of self or belonging.

Male-Dominated

Characterized by or reflecting a situation or environment where men are in the majority or control most positions of power.

Collective Intelligence

The ability of a team to perform well across a range of tasks.