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Figure 13-4 Shows a Market with a Positive Externality

Question 32

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Figure 13-4 shows a market with a positive externality. -Refer to Figure 13 -4. In the absence of any government intervention, the private market A) under produces by Q<sub>n</sub><sub> </sub>-Q<sub>m</sub><sub> </sub>units. B) under produces by Q<sub>o </sub>-Q<sub>m</sub><sub> </sub>units. C) over produces by Q<sub>o</sub><sub> </sub>-Q<sub>m</sub><sub> </sub>units. D) over produces by Q<sub>n </sub>-Q<sub>m</sub><sub> </sub>units. Figure 13-4 shows a market with a positive externality.
-Refer to Figure 13 -4. In the absence of any government intervention, the private market


A) under produces by Qn -Qm units.
B) under produces by Qo -Qm units.
C) over produces by Qo -Qm units.
D) over produces by Qn -Qm units.

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