(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.If 1 acre is dedicated to the park, this outcome is _________ because _. A)efficient; MSB = MSC B)efficient; MSB MSC C)inefficient; MSB MSC D)inefficient; MSB

Question

(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.If 1 acre is dedicated to the park, this outcome is _________ because _.
A)efficient; MSB = MSC 
B)efficient; MSB > MSC 
C)inefficient; MSB > MSC 
D)inefficient; MSB < MSC

Quizplus · Accepted Answer

The Answer of   (Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.If 1 acre is dedicated to the park, this outcome is _________ because _.
A)efficient; MSB = MSC 
B)efficient; MSB > MSC 
C)inefficient; MSB > MSC 
D)inefficient; MSB < MSC

(Table: Externalities from Parks) the Table Externalities from Parks Shows