There Are Four Lighthouses on the Island of Sand

question 202

Multiple Choice

There are four lighthouses on the island of Sand. If this is the efficient quantity of lighthouses

• A) the marginal social benefit of the fourth lighthouse equals its marginal social cost.
• B) total social benefit is zero.
• C) marginal social benefit minus marginal social cost is a maximum.
• D) Both answers A and C are correct.

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Definitions:

Social Movement Organizations (SMOs)

Groups that are part of the larger social movement and work towards societal change.

Challenges

Difficult situations or obstacles that require solutions or efforts to overcome.

U.S. Constitution's First Amendment

The first amendment to the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Speech

A formal address or discourse delivered to an audience for a variety of purposes, including informing, persuading, or entertaining.