Quantity
Private Marginal Benefit (PMB)
Private Marginal Cost (PMC)
(select from this menu)
is higher.
is lower.
is the same.
cannot be determined without additional information.
(select from this menu)
is higher.
is lower.
is the same.
cannot be determined without additional information.
(select from this menu)
overproduce
this good.
underproduce this good.
produce the same amount of this good.
(select from this menu)
$xx tax on producers for each unit bought and sold.
$xx subsidy on consumers for each unit bought and sold.
Do nothing.
Directions:
Provide an answer for each question above and then check your answers.
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FINISHED WITH ACTIVITY