Positive externalities are _____ because their producers have no incentive to take the _____ into account
a. oversupplied; external cost
b. undersupplied; external benefit
c. oversupplied; external benefit
d. undersupplied; external cost
b
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Based on the data in the table above, at the short-run equilibrium
A) the unemployment rate is less than the natural unemployment rate. B) the unemployment rate is greater than the natural unemployment rate. C) the money wage rate will rise in the long run. D) the economy is at full employment.
Bureaus are
a. special-interest groups that try to influence legislators b. government agencies that implement legislation c. competing-interest groups that battle federal agencies d. collections of legislators who actively engage in logrolling e. a means of enforcing the median voter model in the decision-making process