If positive externalities are present in a free market, ________ at any output level
A) the marginal cost of production equals the average cost of production
B) the marginal social cost of production exceeds the marginal private cost
C) the marginal private benefit from production equals marginal social benefit
D) the marginal social benefit of production exceeds marginal private benefit
D
You might also like to view...
The Civil Rights Act of 1964 in the United States led to _____
a. the introduction of the concept of discrimination. b. complete elimination of discrimination from the labor force. c. the creation of equal opportunities for men and women. d. the creation of equal opportunities for the members of different races. e. the establishment of a much clearer definition of discrimination.
Entry barriers are present in monopoly markets but are not in perfectly competitive markets.
Answer the following statement true (T) or false (F)