MSB Equals

question 50

Multiple Choice

MSB equals

• A) MC + the marginal external cost.
• B) MC + the marginal external benefit.
• C) MB + the marginal external cost.
• D) MB + the marginal external benefit.
• E) MB + MC.

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Definitions:

Incentives

Rewards or motivations provided to encourage specific behaviors or outcomes.

Simplify

No clear definition since "simplify" refers to the process of making something easier to understand or less complicated.

Performance Deficiencies

The gap between actual and desired performance levels in any task or job, indicating areas that need improvement.

Motivated

Being driven or prompted to act towards a goal due to internal or external factors.