Graph 10-1
-Refer to Graph 10-1.This graph reflects the presence of a:
A)negative production externality
B)positive production externality
C)negative consumption externality
D)positive consumption externality

Question

Graph 10-1 
-Refer to Graph 10-1.This graph reflects the presence of a:
A)negative production externality 
B)positive production externality 
C)negative consumption externality 
D)positive consumption externality

Quizplus · Accepted Answer

A negative production externality is indicated by a situation where the social cost of production is higher than the private cost, as would be depicted in a graph showing a divergence between the social and private cost curves.

Graph 10-1 -Refer to Graph 10-1.This Graph Reflects the Presence of A