When private benefits are less than social benefits, it means that:
A. positive externalities are present in the market.
B. positive externalities are not present in the market.
C. negative externalities are not present in the market.
D. no externality of any kind is present in the market.
A. positive externalities are present in the market.
Economics
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How would the Fed's sale of government bonds on the open market affect the money supply?
What will be an ideal response?
Economics
If an economy is operating efficiently and with full employment, the production of more of one commodity will necessarily lead to less of something else being produced because of:
A) the unlimited wants of people. B) perfectly adaptability of resources in the production of various goods. C) scarcity. D) the lack of money capital.
Economics