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Graph 1 Graph 2 SMC PMC PMC SMC Price Price PMB PMB Quantity Quantity Graph 3 Graph 4 PMC PMC Price Price SMB PMB PMB

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Graph 1 Graph 2 SMC PMC PMC SMC Price Price PMB PMB Quantity Quantity Graph 3 Graph 4 PMC PMC Price Price SMB PMB PMB SMB Quantity QuantityExamine the Graphs shown above. Which one represents a positive externality? (select from this menu) Examine the Graphs shown above. Which one represents a negative externality? (select from this menu)

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