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Exhibit 31-5 -Refer to Exhibit 31-5. If a Positive Externality Exists,then the Positive

Question 75

Multiple Choice

Exhibit 31-5
Exhibit 31-5 -Refer to Exhibit 31-5. If a positive externality exists,then the external benefits associated with the positive externality equal A) P<sub>4 </sub>- P<sub>2</sub>. B) P<sub>3</sub> - P<sub>1</sub>. C) P<sub>2</sub> - P<sub>1</sub>. D) P<sub>3</sub> - P<sub>2</sub>. E) a and b
-Refer to Exhibit 31-5. If a positive externality exists,then the external benefits associated with the positive externality equal


A) P4 - P2.
B) P3 - P1.
C) P2 - P1.
D) P3 - P2.
E) a and b

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