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10 questions from this quiz
Social benefits > individual benefits
Social=Private+ExternalSocial = Private + ExternalSocial=Private+External benefit
Focus on short-term not long-term benefits
Preventative dental care
Q1Q_1Q1 where MPC=MPBMPC = MPBMPC=MPB
Social costs > private costs to consumer
Social=Private+ExternalSocial = Private + ExternalSocial=Private+External cost
Over-consumption at Q1>Q2Q_1 > Q_2Q1>Q2
Impose indirect tax = marginal external cost
Value judgements of the classifier
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