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10 questions from this quiz
Difference between private & social costs
Too much of the good is produced
Not enough of the good is produced
Benefiting from a good without paying
MSC=MPC+MECMSC = MPC + MECMSC=MPC+MEC
MSB=MPB+MEBMSB = MPB + MEBMSB=MPB+MEB
Resource over-exploitation w/o property rights
P=MSCP = MSCP=MSC
MSB=MSCMSB = MSCMSB=MSC
MSC>MPCMSC > MPCMSC>MPC
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