Efficiency in the Provision of a Public Good Is Achieved

question 137

Multiple Choice

Efficiency in the provision of a public good is achieved when its

• A) total social benefit equals its total social cost.
• B) average social benefit equals its average social cost.
• C) marginal social benefit equals its marginal social cost.
• D) marginal social benefit equals zero.

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.