If education has positive externalities:
A) the private market will provide an efficient allocation of resources.
B) the private costs of production will exceed the social costs.
C) the government can help to bring about a more efficient allocation through subsidies.
D) the only benefits of consumption accrue to the consumers themselves.
E) the government can help to bring about a more efficient allocation by levying education cess.
Correct Answer:
Verified
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