In a market with positive externalities, the market equilibrium price will be greater than the efficient equilibrium price

Indicate whether the statement is true or false

FALSE

Economics

You might also like to view...

Most of the Superfund has been spent on

a. education of the public on environmental issues b. research c. court costs and legal fees d. cleanup and rehabilitation of polluted areas e. development and installation of antipollution devices

Economics

Graphically, producer surplus is the area:

a. above the equilibrium price and below the demand curve. b. below the equilibrium price and below the supply curve. c. above the supply curve and below the demand curve. d. below the equilibrium price and above the supply curve. e. below the equilibrium price and above the demand curve.

Economics