Refer to the Supply and Demand Graph for a Public

question 65

Multiple Choice

Refer to the supply and demand graph for a public good.Line segment ad represents the amount at Q₁ by which the:

• A)marginal benefit of this public good is less than the marginal cost.
• B)total benefit of this public good is less than the total cost.
• C)marginal benefit of this public good is greater than the marginal cost.
• D)total benefit of this public good is greater than the total cost.

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