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    Principles of Economics Study Set 12
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    Exam 15: Public Goods, Externalities, and Government Behavior
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    Exhibit 15-1 -Refer to Exhibit 15-1. the Amount of Externality Is Reflected
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Exhibit 15-1 -Refer to Exhibit 15-1. the Amount of Externality Is Reflected

Question 121

Question 121

Multiple Choice

Exhibit 15-1 Exhibit 15-1   -Refer to Exhibit 15-1. The amount of externality is reflected in the difference between A) P<sub>1</sub> and P<sub>2</sub>. B) P<sub>1</sub> and P<sub>3</sub>. C) P<sub>2</sub> and P<sub>3</sub>. D) $0 and P<sub>1.</sub> E) $0 and P<sub>3</sub>.
-Refer to Exhibit 15-1. The amount of externality is reflected in the difference between


A) P1 and P2.
B) P1 and P3.
C) P2 and P3.
D) $0 and P1.
E) $0 and P3.

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