A-LevelEconomicsGovernment microeconomic intervention9708/12 · May/June 2011 · Q131 Mark
The table shows some of the costs and benefits at a given level of production of a good. What is correct at this level of production?
AExternal benefits exceed external costs.
BPrivate benefits exceed external costs.
CPrivate costs exceed social benefits.
DSocial costs exceed social benefits.
✓ Correct answer
D: Social costs exceed social benefits.
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