Refer to the accompanying figure to answer the questions that follow.
-The figure best illustrates what type of market?
A) The good produced creates a positive externality.
B) The good produced creates a negative externality.
C) The good produced is a governmental good.
D) The good produced is a public good.
E) Firms in this industry have been given a subsidy to encourage more production.
Correct Answer:
Verified
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