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Assuming education results in a positive externality, which of the following statements is correct? The social cost of producing education exceeds the private cost of
Assuming education results in a positive externality, which of the following statements is correct? The social cost of producing education exceeds the private cost of producing education. The positive externality can be depicted on a graph by the vertical distance between the supply curve and the social-cost curve. The socially optimal quantity of education will exceed the market equilibrium quantity of education.
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