11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 8 3.00 2.00 1.00 300 600 900 What kind of externality is depicted above? O a. A negative production externality O b. A positive consumption externality c. A positive production externality O d. A negative consumption externality Demand 1200 1500 180 2100 Supply Marginal Social Benefit 2400

11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 8 3.00 2.00 1.00 300 600 900 What kind of externality is depicted above? O a. A negative production externality O b. A positive consumption externality c. A positive production externality O d. A negative consumption externality Demand 1200 1500 180 2100 Supply Marginal Social Benefit 2400

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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11.00 10.00 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 1.00 Supply Marginal Social. Benefit Demand 300 600 900 1200 1500 1800 2100 2400 In the market depicted above, how large is the deadweight loss from the externality? O a. 1000 O b. 600 O c. 900 O d. 800
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