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Tidy Tidy
wrote...
Posts: 4852
9 years ago
If the social benefit of consuming a good or a service exceeds the private benefit
A) a negative externality exists.
B) the market achieves economic efficiency.
C) a positive externality exists.
D) the sum of consumer surplus and producer surplus is maximized.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 335 times
1 Reply
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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Posts: 1913
9 years ago
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Tidy Author
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9 years ago
Good timing, thanks!
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Yesterday
Brilliant
yen
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2 hours ago
Correct Slight Smile TY
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