If education results in external benefits,the government could subsidize education to lead the market to an inefficient level of output.

Name: If education results in external benefits,the government could subsidize education to lead the market to an inefficient level of output.
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Quizplus · Accepted Answer

Subsidizing education to account for its external benefits actually moves the market closer to an efficient level of output by aligning private incentives with social benefits.

If Education Results in External Benefits,the Government Could Subsidize Education