Without Government Intervention,it Is ___________ True That ___________ in Equilibrium

question 44

Multiple Choice

Without government intervention,it is ___________ true that ___________ in equilibrium.

• A) always; private marginal benefit equals private marginal cost
• B) sometimes; private marginal benefit equals private marginal cost
• C) always; private costs equal private benefits
• D) always; social marginal benefit equals social marginal cost

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Definitions:

Land Rent

Payment made to the owner of land for the right to use the land, distinct from payments made for buildings or other improvements.

Henry George

A 19th-century economist known for his advocacy of a single tax on land value to improve social equity.

Land Rent

The payment made for the use of land, typically based on its value and location.

Products Produced

The goods and services created as a result of the production process by an individual, company, or economy.