When the rate of output is at the socially efficient level, _______________. net social value which is equal to total WTP minus total costs is as large as possible the total willingness to pay is as large as possible profit is a large as possible output is as large as possible

When the rate of output is at the socially efficient level, _______________. net social value which is equal to total WTP minus total costs is as large as possible the total willingness to pay is as large as possible profit is a large as possible output is as large as possible

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 14SQ

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