QUESTIn the case where a positive externality exists, the market will provide aO Lower, higherHigher, higherO Lower, lowerO Higher, lowerquantity of it at a145993price than is socially optimal.

When the production and consumption of goods and services impose a cost or benefit on society that…

Answered: In the case where a positive…

In the case where a positive externality exists, the market will provide a O Lower, higher Higher, higher quantity of it at a price than is socially optimal.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 5QR

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In the case where a positive externality exists, the market will provide a
O Lower, higher
Higher, higher
O Lower, lower
O Higher, lower
quantity of it at a
145993
price than is socially optimal.

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