2. In the case of a positive externality, social marginal cost will
a. have no specific relation to private marginal cost.
b. be equal to private marginal cost.
c. fall short of private marginal cost.
d. exceed private marginal cost.

Question

2. In the case of a positive externality, social marginal cost will
a. have no specific relation to private marginal cost.
b. be equal to private marginal cost.
c. fall short of private marginal cost.
d. exceed private marginal cost.

2. In the case of a positive externality, social marginal cost will

a. have no specific relation to private marginal cost.

b. be equal to private marginal cost.

c. fall short of private marginal cost.

d. exceed private marginal cost.

Unlock all answers

Related textbook solutions

Principles of Economics

Principles of Macroeconomics

Principles of Microeconomics

Weekly leaderboard

2. In the case of a positive externality, social marginal cost will a. have no specific relation to private marginal cost. b. be equal to private marginal cost. c. fall short of private marginal cost. d. exceed private marginal cost.