If a Government Action Is Designed to Achieve Efficiency,then the Action

question 91

Multiple Choice

If a government action is designed to achieve efficiency,then the action must have the market produce the amount of output so that the

• A) marginal private cost equals the marginal private benefit.
• B) marginal social cost equals the marginal social benefit.
• C) marginal external cost equals the marginal external benefit.
• D) marginal private cost equals the tax.
• E) marginal social benefit exceeds the marginal social cost by as much as possible.

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Definitions:

Gestures

Physical movements of the body, particularly hands and arms, which express ideas, feelings, or instructions, often accompanying speech.

Organization Design

The process of shaping an organization's structure and roles to align with its mission, values, and strategic goals.

Promoted

This term describes being advanced to a higher position or rank within an organization.

Allocated

Distributed or assigned resources, time, or tasks according to a plan.