Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. 24220018160Price120160Social cost (private costand external cost)Supply(private cost)Demand(private value)QuantityRefer to Figure 10-10. The graph represents a market in whicha. there is no externality.b. there is a positive externality.c. there is a negative externality.d. The answer cannot be determined from inspection of the graph.

Trades between sellers and purchasers have consequences when there is an externality in the market.…

Refer to Figure 10-10. The graph represents a market in which a. there is no externality. b. there is a positive externality. c. there is a negative externality. d. The answer cannot be determined from inspection of the graph.

Refer to Figure 10-10. The graph represents a market in which a. there is no externality. b. there is a positive externality. c. there is a negative externality. d. The answer cannot be determined from inspection of the graph.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 1QR

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Answer completely.
You will get up vote for sure.

24
22
00
18
16
0
Price
120
160
Social cost (private cost
and external cost)
Supply
(private cost)
Demand
(private value)
Quantity
Refer to Figure 10-10. The graph represents a market in which
a. there is no externality.
b. there is a positive externality.
c. there is a negative externality.
d. The answer cannot be determined from inspection of the graph.

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