Economy, asked by Kuronobasket13, 5 hours ago

distinguish between private benifit and external benefits with the help of exsamples​

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Answered by abhi8190
0

Answer:

Private benefits are the benefits to people who buy and consume a good. External benefits are the benefits to a third party, someone who is not the buyer or the seller. Economic efficiency occurs at the level of output at which the marginal social benefits (MSB) equal the marginal social costs (MSC).

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