In the case of a beneficial externality

a. marginal private cost is below marginal social cost.
b. marginal social cost is above marginal private cost.
c. marginal social cost and marginal private cost are equal.
d. the free market price is below the socially efficient price.

d

Economics

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An unexpected fall in Housing Starts should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down

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