3.A) Pro and Cost Quanity Analyzing the prior graph which type of externality is this? Which line is the private and which is the public? What quantity does the private market produce, which quantity does the public want? Now give three (3) examples of this type of externality. B) Price and Cost 0, , Ouantity Analyzing the prior graph which type of externality is this? Which line is the private and which is the public? What quantity does the private market produce, which quantity does the public want? Now give three (3) examples of this type of externality. C) Explain how externalities can be solved.
3.A) Pro and Cost Quanity Analyzing the prior graph which type of externality is this? Which line is the private and which is the public? What quantity does the private market produce, which quantity does the public want? Now give three (3) examples of this type of externality. B) Price and Cost 0, , Ouantity Analyzing the prior graph which type of externality is this? Which line is the private and which is the public? What quantity does the private market produce, which quantity does the public want? Now give three (3) examples of this type of externality. C) Explain how externalities can be solved.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Analyzing the prior graph which type of externality is this? Which line is the private and which is the
public? What quantity does the private market produce, which quantity does the public want? Now
give three (3) examples of this type of externality.
Analyzing the prior graph which type of externality is this? Which line is the private and which is the
public? What quantity does the private market produce, which quantity does the public want? Now
give three (3) examples of this type of externality.
- C) Explain how externalities can be solved
Transcribed Image Text:3.A)
Pro
and Cost
Quanity
Analyzing the prior graph which type of externality is this? Which line is the private and which is the
public? What quantity does the private market produce, which quantity does the public want? Now
give three (3) examples of this type of externality.
B)
Price
and Cost
0, ,
Ouantity
Analyzing the prior graph which type of externality is this? Which line is the private and which is the
public? What quantity does the private market produce, which quantity does the public want? Now
give three (3) examples of this type of externality.
C) Explain how externalities can be solved.
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