Match Each Numbered Entry with the Most Relevant Lettered Entry

question 4

Multiple Choice

Match each numbered entry with the most relevant lettered entry below.
-loss of services

• A)able to pay
• B)civil wrong
• C)alienation of affections
• D)answering for another's wrong
• E)interference with a child's contribution

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Definitions:

Marginal Private Cost

The additional cost incurred by the producer for producing an extra unit of a good, not considering external effects.

Equilibrium

A state where market supply and demand balance each other, and, as a result, prices become stable.

Social Marginal Benefit

The additional benefit to society of consuming or producing one extra unit of a good or service, including both direct and external benefits.

Public Goods

Public goods are products or services that are non-excludable and non-rivalrous, meaning they can be consumed by anyone without reducing their availability to others.