Multiple Choice
Exhibit 31-2
-Refer to Exhibit 31-2.If the exhibit represents a positive externality situation,the social benefit of expanding output from Q1 to Q2 is the area of
A) Q1ABQ2.
B) Q1AEQ2.
C) Q1CBQ2.
D) ABE.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: The free-rider problem arises if goods are<br>A)nonrivalrous
Q27: A subsidy may be used as a
Q33: The side effect of an action that
Q57: Some racing horse breeders keep a few
Q61: If a negative externality exists,_ for the
Q73: Which of the following goods is least
Q76: According to the Coase theorem, under certain
Q85: A good is a nonexcludable if<br>A)its consumption
Q109: The rivalry versus nonrivalry issue is<br>A)relevant to
Q172: In the case of a positive externality,