Answered: a) it is better than efficient b) the…

a) it is better than efficient b) the price of the product is too low c) the price of the product is too high d) they always exist in markets with too little competition

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is true of a market with positive externalities? a) it is better than efficient b) the price of the product is too low c) the price of the product is too high d) they always exist in markets with too little competition

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