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When Positive Externalities Exist, the Private Market Equilibrium Represents a

Question 2

Multiple Choice

When positive externalities exist, the private market equilibrium represents a


A) market price which is too low and a market quantity which is too low.
B) market price which is too low and a market quantity which is too high.
C) market price which is too high and a market quantity which is too low.
D) market price which is too high and a market quantity which is too high.

Correct Answer:

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