ECONOMICS
MARKET FAILURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are Cost Benefit Analysis?
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The costs to individuals of making a deal.
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A study that compares the costs and benefits to society of providing a public good.
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Cost benefit analysis: a study that compares the costs and benefits to society of providing a public good. In order to decide whether to provide a public good or not, the total benefits of all those who use the good must be compared to the costs of providing and maintaining the public good.
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