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Question 1 When there is a negative production externality, the O' social cost of production is larger than the private cost of production O social cost of production is smaller than the private cost of production O social benefit of production is larger than the private benefit of production O social benefit of production is smaller than the private benefit of production Question 2 Show Transcribed Text Question / 1 pt When a good is rival it means that O one person's use of a good does not diminish the amount available for others to consume one person's use of a good diminishes the amount available for others to consume the owner of the good can prevent others from consuming the good the owner of the good cannot prevent others from consuming the good