Question: 15. If a good has zero external costs, then Select one: A. marginal social cost is greater than marginal private cost. B. marginal social cost

15. If a good has zero external costs, then Select one:

A. marginal social cost is greater than marginal private cost.

B. marginal social cost is less than marginal private cost.

C. marginal social cost equals marginal private cost.

D. We need more information to determine the relationship between private and social costs.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!