Consider a good with positive externalities. Relative to the outcome of an unregulated market, a market which accounts for these positive externalities would have prices and quantities. A) higher; higher B) lower; lower C) higher; lower D) lower; higher
Consider a good with positive externalities. Relative to the outcome of an unregulated market, a market which accounts for these positive externalities would have prices and quantities. A) higher; higher B) lower; lower C) higher; lower D) lower; higher
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 8QP
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