QUESTION 4 Assume the following: • market quantity > socially desirable The inequality above describes which of the following? a. Negative Externality b. Positive Externality C. Budget Deficit d. Budget Surplus

QUESTION 4 Assume the following: • market quantity > socially desirable The inequality above describes which of the following? a. Negative Externality b. Positive Externality C. Budget Deficit d. Budget Surplus

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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