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Economics

When the production of a good involves a positive externality, which of the following will be true?

a) marginal social benefit exceeds marginal private benefit

b) marginal private cost exceeds marginal social cost

c) marginal private benefit exceeds marginal social benefit

d) none of the other answers is true.

e) marginal social cost exceeds marginal private cost

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696732

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