Use the following to answer questions:
Figure: Market Failure 
-(Figure: Market Failure) Look at the figure Market Failure. Suppose the supply curve represents the marginal cost of providing streetlights in a neighborhood that is composed of two people, Ann and Joe. The demand curve represents the marginal benefit that Ann receives from the streetlights. Suppose that Joe's marginal benefit from the streetlights is a constant amount equal to AC. Providing G streetlights is _____ because the marginal social benefit is _____ the marginal cost.
Definitions:
Equity Method
An accounting technique used by a company to record its investment in another company, based on the entity's net asset value and subsequent earnings and losses.
Accounting Objective
The main goal of accounting, which is to provide financial information that is relevant, reliable, and useful for decision-making purposes.
Amortization
The process of gradually writing off the initial cost of an asset over its useful life.
Equity Income
Equity income refers to the earnings generated from investments in the stock of other companies, typically accounted for using the equity method.
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