The Efficient Output of a Pure Public Good Is Achieved

question 26

Multiple Choice

The efficient output of a pure public good is achieved at the point at which:

• A) the marginal benefit obtained by each consumer equals the marginal social cost of producing the good.
• B) the sum of the marginal benefits of all consumers equals the marginal social cost of producing the good.
• C) the marginal benefit of each consumer equals zero.
• D) the marginal social cost of producing the good is zero.
• E) both c and d

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Definitions:

Dependence Perspective

A viewpoint focusing on how entities rely on each other, often highlighting power imbalances and interdependencies.

Dependence Perspective

A viewpoint that emphasizes the reliance of individuals or entities on external factors or supports for functioning or survival.

Position Power

Refers to the authority and influence conferred by a person's role or position within an organization, enabling them to impact decisions and actions.

Disruptive Politics

Political actions or policies that significantly change the status quo, often leading to shifts in power structures or social norms.