Multiple Choice
Which of the following statements about a market that is affected by a positive production externality is correct?
A) the optimum level of output is less than the free market level of output and the optimum price is greater than the free market price
B) the optimum level of output is greater than the free market level of output and the optimum price is less than the free market price
C) the optimum level of output is greater than the free market level of output and the optimum price is greater than the free market price
D) the optimum level of output is less than the free market level of output and the optimum price is less than the free market price
Correct Answer:
Verified
Correct Answer:
Verified
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