Use the Following to Answer Questions -(Table: Externalities from Parks)Use: Table: Externalities from Parks
Use the following to answer questions :
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 5 hectares are dedicated to the park,the park is _____ from a social perspective.
A) too large
B) the socially optimum size
C) too small
D) the efficient size
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