Is the marginal social cost of the activity greater

Reference no: EM13233239

What type of externality (positive or negative) is described in each of the examples? Is the marginal social benefit of the activity greater than or equal to the marginal benefit to the individual? Is the marginal social cost of the activity greater than or equal to the marginal cost to the individual? Consequently, without intervention, will there be too little or too much(relative to what would be socially optimal) of this activity?

Reference no: EM13233239

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