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    Survey of ECON Study Set 1
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    Exam 5: Market Failure and Public Choice
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    If a Good That Features a Positive Externality Is Produced
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If a Good That Features a Positive Externality Is Produced

Question 2

Question 2

Multiple Choice

If a good that features a positive externality is produced in an unregulated free market, the good will be:


A) over-produced and over-valued.
B) over-produced and under-valued.
C) under-produced and over-valued.
D) under-produced and under-valued.
E) none of the above

Correct Answer:

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