The graph shown displays a market with an externality. The external _______ is _______.
A) cost; $3
B) cost; $5
C) benefit; $3
D) benefit; $5
Correct Answer:
Verified
Q52: If a company who takes an externality
Q53: When private benefits are less than social
Q54: When private benefits equal social benefits:
A)positive consumption
Q55: When a positive externality is present in
Q56: If it's possible to eliminate the problems
Q58: When positive externalities are present in a
Q59: If the social benefit is greater than
Q60: If a positive consumption externality were present
Q61: If the costs of coordination and enforcement
Q62: One way to make consumers take a
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