Suppose a good has an external benefit and no external cost. When a competitive, unregulated market is at its equilibrium, then the
A) marginal private benefit is less than the marginal social benefit.
B) marginal private benefit is greater than the marginal social benefit.
C) marginal private cost is less than the marginal social cost.
D) marginal private cost is greater than the marginal social cost.
A
Economics
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Refer to the table above. What is the opportunity cost of commute per month to work if Ryan rents Apartment 2?
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Providing better service, ambience, or a convenient location are all forms of
A. price discrimination. B. product differentiation. C. consumer surplus. D. economies of scale.
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