The efficient quantity of a public good is provided when the economy's
A) total benefit from the good equals its total cost.
B) total benefit from the good is less than its total cost.
C) marginal social benefit from the good equals its marginal social cost.
D) marginal social benefit from the good is greater than its marginal social cost.
C
Economics
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The monetary base does NOT include which of the following items?
i. Federal Reserve notes ii. banks' reserves at the Federal Reserve iii. U.S. government securities owned by the Federal Reserve A) i only B) ii only C) iii only D) both i and ii E) both ii and iii
Economics
How does monopoly compare with pure competition in terms of price, output, and efficiency?
What will be an ideal response?
Economics