Question
A common resource is used efficiently if A. marginal social benefit is maximized. B. marginal private benefit equals marginal cost. C. the output is maximized.
A common resource is used efficiently if
A.
marginal social benefit is maximized.
B.
marginal private benefit equals marginal cost.
C.
the output is maximized.
D.
marginal social benefit equals marginal cost.
E.
only the excess of the resource is utilized.
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College Algebra Graphs And Models
Authors: Marvin Bittinger, Judith Beecher, David Ellenbogen, Judith Penna
6th Edition
013417903X, 9780134179032
