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wrote...
Posts: 227
A month ago
The marginal principle ________ to private goods with external benefits because ________.

▸ does not apply; it is a principle that governs private markets with no externalities

▸ does apply; the efficient quantity is that quantity for which the marginal private benefit equals the marginal cost

▸ does apply; the efficient quantity is that quantity for which the marginal social benefit equals the marginal cost

▸ does not apply; the efficient quantity is a quantity greater than the quantity for which the marginal private benefit equals the marginal cost
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
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wrote...
Posts: 229
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A month ago
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does apply; the efficient quantity is that quantity for which the marginal social benefit equals the marginal cost
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wrote...
A month ago
Good timing, thanks!
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