Discussion
The private marginal benefit to consumers plus any costs associated with the consumption of the good that are imposed on others is known as:
Answer: B
The key gives the social marginal benefit. Social marginal benefit is the private marginal benefit to the consumer plus any external benefit to others from consumption. The item says costs imposed on others, which would be related to the social marginal cost rather than the benefit, so the wording is loose. I cannot cite a source that proves the key wrong, so the key stands, option B. An externality in consumption means that the social benefit differs from the private benefit.
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