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Exhibit 30-5 ​

Question 161

Multiple Choice

Exhibit 30-5
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Exhibit 30-5 ​ -Refer to Exhibit 30-5. If a positive externality exists, then the external benefits associated with the positive externality equal A) P<sub>4</sub> - P<sub>2</sub>. B) P<sub>3</sub> - P<sub>1</sub>. C) P<sub>2</sub> - P<sub>1</sub>. D) P<sub>3</sub> - P<sub>2</sub>. E) a and b
-Refer to Exhibit 30-5. If a positive externality exists, then the external benefits associated with the positive externality equal


A) P4 - P2.
B) P3 - P1.
C) P2 - P1.
D) P3 - P2.
E) a and b

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