Multiple Choice
A positive externality exists when
A) a person's or group's actions cause a benefit that is felt by others.
B) a person's or group's actions cause a cost that is felt by others.
C) the market output is greater than the socially optimal output.
D) the socially optimal level of output is equal to the market output.
Correct Answer:
Verified
Correct Answer:
Verified
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Q116: Exhibit 30-1 <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 30-1
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Q122: Exhibit 30-2 <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9059/.jpg" alt="Exhibit 30-2