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28 Nov 2020
How do externalities affect markets?
If a positive externality in consumption is present in a market, then
a. the market will achieve economic efficiency.
b. the private benefit from consumption will be different than the social benefit from the consumption.
c. the private cost of production will be equal to the private benefit from the consumption.
d. the social cost of production will be equal to the social benefit from the consumption.
e. the private cost of production will be different than the social cost of production.
How do externalities affect markets?
If a positive externality in consumption is present in a market, then
a. the market will achieve economic efficiency.
b. the private benefit from consumption will be different than the social benefit from the consumption.
c. the private cost of production will be equal to the private benefit from the consumption.
d. the social cost of production will be equal to the social benefit from the consumption.
e. the private cost of production will be different than the social cost of production.
Sonia DhawanLv10
8 Jan 2021
