-For a common resource, the equilibrium with no government intervention is such that ________ equals ________.
A) marginal social cost; marginal social benefit
B) marginal social benefit; marginal external cost
C) marginal private benefit; marginal social cost
D) marginal social benefit; marginal private cost
E) marginal external benefit; marginal external cost

Question

-For a common resource, the equilibrium with no government intervention is such that ________ equals ________.
A) marginal social cost; marginal social benefit 
B) marginal social benefit; marginal external cost 
C) marginal private benefit; marginal social cost 
D) marginal social benefit; marginal private cost 
E) marginal external benefit; marginal external cost

Quizplus · Accepted Answer

The Answer of 
-For a common resource, the equilibrium with no government intervention is such that ________ equals ________.
A) marginal social cost; marginal social benefit 
B) marginal social benefit; marginal external cost 
C) marginal private benefit; marginal social cost 
D) marginal social benefit; marginal private cost 
E) marginal external benefit; marginal external cost

-For a Common Resource, the Equilibrium with No Government Intervention