When Government Provides a Good with an External Benefit,to Attain

question 65

Multiple Choice

When government provides a good with an external benefit,to attain efficiency the price paid by consumers is set equal to the

• A) marginal private benefit at the efficient level of output.
• B) marginal private cost at the efficient level of output.
• C) amount paid by taxpayers.
• D) market-determined price.
• E) marginal external benefit at the efficient level of output.

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Definitions:

Percent

A mathematical term representing a part per hundred, used to describe proportions, ratios, or fractions in terms of hundredths.

Deaths

The act of dying; the end of life; the total and permanent cessation of all the vital functions of an organism.

Culturally-Modified

Adjustments made to interventions, practices, or assessments to make them more relevant and effective in specific cultural contexts.

Psychological Intervention

A therapeutic action or process aimed at improving a person's mental health or treating mental disorders through psychological means rather than medical.