The Rational Rule for Society is that society should NOT produce another unit of a good if: Select one: a. the marginal social cost exceeds the marginal social benefit. b. the marginal social benefit exceeds the marginal social cost. c. the marginal private benefit exceeds the marginal private cost. d. the total social benefit exceeds the total social cost.

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Q: 1. What characteristic of public goods makes it very difficult for private firms to provide (or…

A: A public good refers to a product or service that cannot be excluded from consumption and is…

Q: None

A:

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