When Benefits Are Received by Society in Addition to the Benefits

question 31

Multiple Choice

When benefits are received by society in addition to the benefits received from the consumer of the product

• A)The private demand curve underestimates the social demand curve
• B)The social demand curve underestimates the private demand curve
• C)The private demand curve overestimates the social demand curve
• D)The social demand curve is equal to the private demand curve

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Definitions:

Stimulus Motive

A motive that appears to be unlearned but causes an increase in stimulation, such as curiosity.

Unlearned

Behaviors and responses not acquired through learning or conditioning; innate.

Acquired

Traits or skills that are not present at birth but developed through experience or learning.

Optimal

Refers to the best or most favorable condition, level, or amount of something for a specific purpose or outcome.