a. social cost = private cost = private value < social value. b. private cost <
ID: 1093925 • Letter: A
Question
a.
social cost = private cost = private value < social value.
b.
private cost < social cost = private value = social value.
c.
social value = private value = private cost < social cost.
d.
social cost = private cost = private value = social value.
a.
social cost = private cost = private value < social value.
b.
private cost < social cost = private value = social value.
c.
social value = private value = private cost < social cost.
d.
social cost = private cost = private value = social value.
Explanation / Answer
social cost = private cost = private value < social value.
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