A positive consumption externality occurs when:
A) the social marginal cost is greater than the private marginal cost
B) the social marginal benefit is greater than the private marginal benefit
C) the social marginal cost is greater than the private marginal benefit
D) the social marginal cost is less than the private marginal cost
Correct Answer:
Verified
Q3: The accelerator principle states:
A)if an increase in
Q4: Which best describes consumer surplus?
A)the price consumers
Q5: Which of the following statements is NOT
Q6: Community surplus equals:
A)producer surplus minus consumer surplus
B)profits
Q7: Monopoly power in a market is likely
Q9: A merit good:
A)is a public good
B)involves a
Q10: A demerit good:
A)is a public good
B)involves a
Q11: A public good will probably:
A)be expensive in
Q12: Asymmetric information occurs when:
A)information is free
B)buyers and
Q13: A situation where people who have taken
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