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18 Aug 2020
Which of the following describes how a positive externality affects a competitive market?
a. The externality causes a difference between the private benefit from consumption and the social benefit.
b. The externality causes a difference between the private benefit from production and the social cost of production.
c. The externality causes quantity demanded to exceed quantity supplied.
d. The externality causes a difference between the social cost of production and the social cost of consumption.
Which of the following describes how a positive externality affects a competitive market?
a. The externality causes a difference between the private benefit from consumption and the social benefit.
b. The externality causes a difference between the private benefit from production and the social cost of production.
c. The externality causes quantity demanded to exceed quantity supplied.
d. The externality causes a difference between the social cost of production and the social cost of consumption.
Alice SejakeLv10
10 Oct 2020