When Government Provides a Good with an External Benefit,to Attain

question 65

Multiple Choice

When government provides a good with an external benefit,to attain efficiency the price paid by consumers is set equal to the

• A) marginal private benefit at the efficient level of output.
• B) marginal private cost at the efficient level of output.
• C) amount paid by taxpayers.
• D) market-determined price.
• E) marginal external benefit at the efficient level of output.

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Definitions:

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A state of well-being in which an individual realizes their abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.

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