Vouchers create the efficient outcome only if production is such that the marginal social cost
A) exceeds the marginal private benefit.
B) equals the marginal external benefit.
C) equals the marginal social benefit.
D) is decreased so it equals the marginal private cost.
C
Economics
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What will be an ideal response?
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A period of time in which the overall business activity is rising at a rapid rate is known as
A) inflation. B) hyperinflation. C) an expansion. D) a contraction.
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