A result of a positive externality in the production of a good is that
A) the price system will over-allocate resources to the production of that good or service.
B) the price system will under-allocate resources to the production of that good or service.
C) the market supply will be too high.
D) the market demand will be too high.
B
Economics
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________ discourage low-risk individuals from seeking health insurance
A) Low premiums B) High premiums C) High costs of medical treatment D) Low interest rates
Economics
Refer to the figure above. What is the change in total revenue due to a price reduction from $6 to $4?
A) The total revenue increases by $300. B) The total revenue decreases by $600. C) The total revenue increases by $200. D) The total revenue increases by $600.
Economics