Multiple Choice
Use the following to answer question: 
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 1 acre is dedicated to the park,this outcome is _____ because _____.
A) efficient;MSB = MSC
B) efficient;MSB > MSC
C) inefficient;MSB > MSC
D) inefficient;MSB < MSC
Correct Answer:
Verified
Correct Answer:
Verified
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