A good or service with a positive externality is one which ______

A. everyone wants to have access to
B. is produced in the social interest
C. the marginal social benefit exceeds the marginal private benefit
D. the marginal external benefit exceeds the marginal private benefit

C The definition of marginal social benefit shows that answer C is correct.

Economics

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If the firm in the figure above is unregulated, it will charge a price of

A) $5 per unit. B) $25 per unit. C) $40 per unit. D) $20 per unit.

Economics

Explain how government policies that redistribute income from the rich to the poor might reduce efficiency

Economics