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When there is a positive externality, each person has a benefit that
Related Topics
Wize University Microeconomics Textbook > Externalities/Market Failures
Positive Externalities
3 Activities
When there is a positive externality, each person has a benefit that
a) exceeds the marginal social benefit
b) equals the marginal social cost
c) exceeds the marginal private benefit
d) is lower than the marginal social cost
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More Positive Externalities Questions:
The private consumption of services that generate positive externalities, such as getting a college education, is usually _____ the socially optimal level of consumption.
When a market is inefficient