For a common resource, efficiency requires that the ________ equals the ________.
A) marginal private benefit; marginal private cost
B) marginal social benefit; marginal social cost
C) marginal private benefit; marginal social benefit
D) marginal social cost; marginal private cost

Question

Quizplus · Accepted Answer

Marginal social benefit equals marginal social cost for efficiency in a common resource.

For a Common Resource, Efficiency Requires That the ________ Equals