
-In the above figure, market equilibrium at point E yields the quantity X. The quantity
is the socially optimal quantity. Point E indicates that currently there is
A) a negative externality.
B) a positive externality.
C) a public good.
D) a positive externality with subsidy.
Correct Answer:
Verified
Q101: Q103: Q103: Q105: Q106: Inoculations of children against infectious diseases are Q107: "Second-hand" smoke, an often cited disadvantage of Q107: The government corrects for externalities in all Q111: A situation in which the market system Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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A)