If an External Benefit Is Present,then the

question 110

Multiple Choice

If an external benefit is present,then the

• A) marginal private benefit curve lies above the marginal private cost curve.
• B) marginal social benefit curve lies above the marginal private benefit curve.
• C) marginal social cost curve lies above the marginal private benefit curve.
• D) marginal social benefit is equal to the marginal social cost.
• E) marginal social benefit curve is the same as the marginal private benefit curve.

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Definitions:

Living Independently

The ability to manage one's life and make decisions without relying on others for daily needs and responsibilities.

Protestant Reformation

A religious and political movement in the 16th century that began as an attempt to reform the Roman Catholic Church and led to the creation of Protestant churches.

Industrialism

The social and economic system built on the production of goods and services by the use of industrial technology and factories.

Mass Schooling

The system of public education provided universally to a large population, aiming to standardize knowledge and promote societal integration.