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Economics · Oct / Nov 2024 · Paper 13 · Question 9

2281Market failure

What is external benefit?

  1. Aprivate benefits minus private costs
  2. Bprivate benefits plus social benefits
  3. Csocial benefits minus private benefits
  4. Dsocial benefits plus social costs

As printed in the paper

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Correct answer: C. social benefits minus private benefits

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