0 8 C S: S Mutiple Choice D₂ Quantity S₁ and Dyrepresent the current market supply and demand, respectively 52 and D2 represent the socially optimal supply and demand. The positions of the graphs indicate that there is (are) external benefits from production and external costs from consumption of the product costs from production and external benefits from consumption of the product. benefits from production and consumption of the product costs from production and consumption of the product

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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S: S
B C
Quantity
S₁ and Dyrepresent the current market supply and demand, respectively 52 and D2 represent the socially optimal supply and demand. The positions of the
graphs indicate that there is (are) external
Multiple Choice
D₂
benefits from production and external costs from consumption of the product
costs from production and external benefits from consumption of the product.
benefits from production and consumption of the product
costs from production and consumption of the product
Transcribed Image Text:0 S: S B C Quantity S₁ and Dyrepresent the current market supply and demand, respectively 52 and D2 represent the socially optimal supply and demand. The positions of the graphs indicate that there is (are) external Multiple Choice D₂ benefits from production and external costs from consumption of the product costs from production and external benefits from consumption of the product. benefits from production and consumption of the product costs from production and consumption of the product
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