If a Firm Produces a Good and Its Consumption Generates

question 120

Multiple Choice

If a firm produces a good and its consumption generates external benefits,then at the competitive market equilibrium

• A)the government could subsidize the production of this good to improve efficiency.
• B)the marginal private benefit is greater than the marginal cost of producing the last unit.
• C)the output would be more than the socially optimal amount.
• D)the firm will not produce an additional amount if it can internalize the external benefits.
• E)the marginal social benefit is less than the marginal cost of producing the last unit.

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Definitions:

Radical Feminism

A perspective within feminism that calls for a dramatic reordering of society to eliminate male supremacy.

Patriarchy

A social system in which men hold primary power, predominate in roles of political leadership, moral authority, and control of property, and where fathers or father-figures hold authority over women and children.

Masculine Domination

A concept in sociology and feminist theory referring to the societal structures and practices that privilege masculine perspectives and maintain male dominance.

Individuation

is a psychological process in which a person becomes an individual, understanding and integrating different aspects of the self to achieve wholeness and identity.