In the context of negative externalities in consumption, the difference between the marginal social benefit (MSB) and the marginal private benefit (MPB) indicates that the consumption of a good leads to a situation where the __________ is greater than the __________.

In the context of negative externalities in consumption, the difference between the marginal social benefit (MSB) and the marginal private benefit (MPB) shows that the overall benefit to society is less than the benefit to the individual consumer. When someone consumes a product that has negative effects on others, like smoking in public, they enjoy personal benefits but may harm others through secondhand smoke. This means that while the individual feels they gain from their choice, the social costs, like health issues for bystanders, are not considered by that individual. Therefore, the marginal social benefit is greater than the marginal private benefit, indicating that society as a whole suffers from the consumption of such goods. This gap highlights the need for regulations or taxes to address these negative impacts.