If the Marginal Private Cost of a Good Is Greater

question 8

Multiple Choice

If the marginal private cost of a good is greater than its marginal social cost, then the good is said to have _____.

• A) a positive externality
• B) economies of scale
• C) Pareto efficiency
• D) a dead-weight loss

---

Definitions:

Logical Right Shifts

A bitwise operation that shifts all the bits of its operand to the right, filling the left end with zeros or maintaining the sign bit in signed types.

#define Statement

A preprocessor directive in C and C++ used to define macros or constants that replace tokens in the code before compilation.

Equivalences

Equivalences refer to the relationship between entities that are equal in value or function, indicating that they can be substituted for one another in certain contexts.

Macro

A rule or pattern that specifies how input text should be mapped to replacement output text, usually in the context of a preprocessor.