If a good has a positive externality, at the market equilibrium the marginal private benefit is greater than the marginal private cost.

Name: If a good has a positive externality, at the market equilibrium the marginal private benefit is greater than the marginal private cost.
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If a good has a positive externality, the marginal social benefit is greater than the marginal private benefit at the market equilibrium, meaning the marginal private benefit is less than the marginal private cost.

If a Good Has a Positive Externality, at the Market