The Sum of the Marginal Private Benefit and the Marginal

question 103

Multiple Choice

The sum of the marginal private benefit and the marginal external benefit derived from eco-tourism in British Columbia is called the

• A) total private benefit.
• B) net gain.
• C) total external benefit.
• D) marginal social benefit.
• E) total Coase benefit.

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Definitions:

Claims

Demands for something due or believed to be due, often used in the context of insurance or legal cases.

Mirror Image Rule

In contract law, the rule that an acceptance must duplicate the terms in the offer.

Additional Terms

Refers to supplementary conditions or clauses added to an agreement or contract.

Materially

In a significant or substantial manner, especially in a way that affects a contract or legal decision.