Ask Question
20 February, 00:02

When external benefits are significant: market output is too high. market output is too low. market output is at the efficient level. social surplus is maximized?

+5
Answers (1)
  1. 20 February, 02:02
    0
    External benefits are more significant when market output at the efficient level. So if anyone ignores the external benefits and only focuses on private benefits, this may lead to market quantity getting low and also the social surplus might get to its minimum.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When external benefits are significant: market output is too high. market output is too low. market output is at the efficient level. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers