If the Social Benefit Is Greater Than the Private Benefit

question 68

Multiple Choice

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

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

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Definitions:

Ralph Waldo Emerson

A 19th-century American essayist, lecturer, philosopher, and poet who led the transcendentalist movement.

Self-Reliance

Self-Reliance refers to the ability to depend on oneself to fulfill one's needs and handle one's affairs independently.

Nonviolent Resistance

A method of protest that seeks to achieve goals through symbolic protests, civil disobedience, and other methods, without using violence.

Different Kinds

Refers to a variety or range of types or categories within a group.