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Total economic welfare derived from an activity will be maximized if the activity is undertaken...

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Total economic welfare derived from an activity will be maximized if the activity is undertaken up to the point at which

A.

Marginal private benefit exceeds marginal private cost

B.

Marginal social benefit equals marginal social cost

C.

Marginal social benefit equals marginal private benefit

D.

Marginal private benefit equals marginal private cost

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