For a Common Resource,efficiency Requires That the ________ Equals the ________

question 95

Multiple Choice

For a common resource,efficiency requires that the ________ equals the ________.

• A) marginal private benefit; marginal private cost
• B) marginal social benefit; marginal private cost
• C) marginal social benefit; marginal social cost
• D) marginal external benefit marginal external cost
• E) marginal social benefit; marginal external cost

---

Definitions:

Outline

A structured list or summary of main points, often used for planning or organizing information.

Legal Terminology

The specialized language used by legal professionals that includes terms of art, legal concepts, and jargon unique to the field of law.

Black's Law Dictionary

A comprehensive law dictionary that provides definitions of legal terms and phrases used in American and, often, international law.

Standard Reference

A universally accepted guideline or benchmark used for comparison and quality assurance in various fields.