Multiple Choice
If consumers were able to receive the full social benefits associated with the consumption of goods involving positive externalities, other things being equal, which of the following would likely occur?
A) a greater misallocation of resources
B) a decrease in the market price of the product
C) an increase in consumption
D) a decrease in consumption
Correct Answer:
Verified
Correct Answer:
Verified
Q16: A cost that spills over onto individuals
Q75: What is the difference between private and
Q82: Since it is difficult to establish and
Q94: What are costs that accrue to the
Q96: If the marginal utility per dollar spent
Q98: If the production of a particular good
Q100: Louise loves to eat chocolate. However, every
Q101: Negative externalities lead to an underallocation of
Q103: What are private costs?<br>A) costs borne by
Q104: Which of the following is an example