market with positive externalities will tend to _____ compared to a market producing the socially optimal output. Select one: a. produce the optimal quantity. b. produce too few c. produce too many d. randomly produce some quantity

market with positive externalities will tend to _____ compared to a market producing the socially optimal output. Select one: a. produce the optimal quantity. b. produce too few c. produce too many d. randomly produce some quantity

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 2SQ

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Question

A market with positive externalities will tend to _____ compared to a market producing the socially optimal output.

Select one:

a. produce the optimal quantity.

b. produce too few

c. produce too many

d. randomly produce some quantity

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