Without Correction, the Quantity of a Public Good That Is

question 103

Multiple Choice

Without correction, the quantity of a public good that is exchanged will occur where:

• A)the marginal social benefit of additional consumption exceeds the marginal social cost of additional production.
• B)the marginal social benefit is equal to the marginal social cost.
• C)the marginal social benefit of additional consumption is less than the marginal social cost of additional production.
• D)the marginal social cost is zero.

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