Question
In a market, marginal external benefits (M EB) equal 60, and marginal external costs (M EC) equal 40. Then: O a. Both a positive and
In a market, marginal external benefits (M EB) equal 60, and marginal external costs (M EC) equal 40. Then:
O a. Both a positive and a negative externality are present O b. Nothing can be said about the presence of externalities c. Only a positive externality is present as MEB > MEC O d. Only a negative externality is present as M EB is irrelevant ?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
