If a positive externality exists in a market, the marginal private cost exceeds the marginal social cost.
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Q187: Cost-benefit analysis for environmental policies includes all
Q188: Which of these is/are TRUE?
I. Promoting a
Q189: Producers, but not consumers, can create externalities.
Q190: When positive externalities are present, an unregulated
Q191: If a positive externality exists in a
Q193: In some situations, such as when negative
Q194: The Coase theorem stresses that efficiency will
Q195: The Coase theorem states that under certain
Q196: Insights gained from the Coase theorem changed
Q197: Environmental mugging occurs when victims of pollution
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