If the Social Benefit Is Greater Than the Private Benefit

question 43

Multiple Choice

If the social benefit is greater than the private benefit in a particular market, the private equilibrium will exist at a quantity that is _______ the socially optimal level.

• A)greater than
• B)equal to
• C)less than
• D)either greater than or less than

---

Definitions:

Digitized

The process of converting information into a digital format, making it accessible and manipulable by computers.

World Wide Web

An information system where documents and other web resources are identified by Uniform Resource Locators (URLs), which are interlinked by hypertext and accessible via the Internet.

Intranet

A private network accessible only by an organization's staff, often used to share information, operational systems, or computing services within the organization.

Extranet

A private network that uses Internet technology and public telecommunication systems to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.