Multiple Choice
Under what conditions is a market affected by a positive externality
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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