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Given a Positive Externality,the Marginal Private Benefit Curve Lies to the __________

question 155

Multiple Choice

Given a positive externality,the marginal private benefit curve lies to the __________ of the demand curve,with the market output __________ the socially optimal output.


Definitions:

Serous Membrane

A thin layer of tissue that covers internal body cavities and secretes a lubricating fluid to reduce friction from muscle movement.

Thoracic Cavity

A central compartment of the chest that houses the lungs, heart, and other vital organs.

Pleura

A thin membrane that surrounds the lungs and lines the interior wall of the chest cavity, providing lubrication and facilitating breathing.

Posterior/Dorsal

Referring to the back side of the body or an organ, opposite of anterior/ventral, important in anatomical positioning.

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