If a positive externality were present in a market, the social benefit curve would be:
A. the same as the private demand curve.
B. above the private demand curve.
C. below the private demand curve.
D. Cannot say without more information.
Answer: B
Economics
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A network externality exists
a. in the television industry b. outside the television industry c. whenever an increase in the size of a network increases its value to current and potential members d. whenever an increase in the size of a network increases its average total cost of production e. whenever an increase in the size of a network increases its total cost of production
Economics
Which of the following countries is not a member of the European Union?
a. Switzerland b. Portugal c. Sweden d. Ireland
Economics