The graph shown displays a market with an externality. 
Which of the following statements is true?The market quantity is 7 units.Total surplus could be increased if the government imposed a tax on this good.This shows a positive consumption externality.
A) I only
B) II and III only
C) I and II only
D) III only
Correct Answer:
Verified
Q45: When a market is fully corrected for
Q46: The graph shown displays a market with
Q47: The graph shown displays a market with
Q48: The net increase to total surplus when
Q49: The graph shown displays a market with
Q51: A market with a positive externality has
Q52: If a company who takes an externality
Q53: When private benefits are less than social
Q54: When private benefits equal social benefits:
A)positive consumption
Q55: When a positive externality is present in
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