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brettlaw brettlaw
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A year ago
Government intervention in a particular industry is unnecessary if each of the industry's firms is operating where

▸ marginal social benefit is equal to marginal social cost.

▸ there are no positive externalities.

▸ there are no negative externalities.

▸ price is equal to private marginal cost.

▸ the demand curve is perfectly elastic.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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bijin05bijin05
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A year ago
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brettlaw Author
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Correct Slight Smile TY
Gorgio_De
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Smart ... Thanks!
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This site is awesome
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