Multiple Choice
A positive externality or external benefit occurs when:
A) product differentiation increases the variety of products available to consumers.
B) the benefits associated with a product exceed those accruing to people who consume it.
C) a firm produces at the P = MC output.
D) economic profits are zero in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
Q43: The term "Efficiency losses" refers to:<br>A)the producer
Q44: The following table presents the demand schedule
Q45: The MB curves in the diagram slope
Q46: Answer the question based on the following
Q47: Which of these is an example of
Q49: A supply-side market failure occurs when supply
Q50: Refer to the below supply and demand
Q51: Refer to the supply and demand graph
Q52: A public good:<br>A)generally results in substantial negative
Q53: Efficiency loss refers to:<br>A)the situation where the