Generally, positive externalities result in
A) too much of a good being produced.
B) the socially optimal output of a good being produced.
C) too little of a good being produced.
D) either a or c
E) any of the above
Correct Answer:
Verified
Q85: Market failure is a situation in which
A)negative
Q86: Marginal social costs are equal to
A)marginal private
Q87: A negative externality exists when
A)a person's or
Q88: Marginal social benefits are equal to
A)marginal private
Q89: According to the Coase theorem, externalities
A)must usually
Q91: The government's provision of nonexcludable public goods
Q92: Generally, negative externalities result in
A)too much of
Q93: A negative externality exists when
A)marginal social costs
Q94: When marginal private cost is less than
Q95: A positive externality exists when
A)marginal social costs
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