Most economists believe that there are positive externalities in education. One can conclude that a free market would fail to give the socially optimal outcome because the equilibrium:
A) price and quantity would be too high.
B) price would be too low and quantity would be too high.
C) price and quantity would be too low.
D) price would be too high and quantity would be too low.
Correct Answer:
Verified
Q110: There are apartments in Chicago whose rooftops
Q111: Suppose the government imposes a per unit
Q112: Much of the nation's coal is extracted
Q113: When there is a positive externality associated
Q114: Suppose a wallet firm has been dumping
Q116: The positive externality associated with education is:
A)
Q117: In the presence of positive externalities, a
Q118: The reason individual homeowners usually do not
Q119: If a chemical factory causes noxious fumes
Q120: Which of the following would generate positive
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