Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Incorrect Question 20 0 / 2 pts This question has multiple answers. Select all that apply. When a good has positive externalities social marginal cost

image text in transcribed
Incorrect Question 20 0 / 2 pts This question has multiple answers. Select all that apply. When a good has positive externalities social marginal cost is equal to private marginal cost social marginal benefit is equal to private marginal benefit social marginal benefit is equal to private marginal benefit plus external benefit social marginal cost is equal to private marginal cost plus external cost private marginal cost is equal to social marginal cost plus external cost private marginal benefit is equal to social marginal benefit plus external benefit Incorrect Question 21 0 / 2 pts This question has multiple answers. Select all that apply. Which of the following scenario leads to the over-allocation of resources? Negative externalities O club goods Common goods positive externalities Public goods private goods

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

French Banking And Entrepreneurialism In China And Hong Kong From The 1850s To 1980s

Authors: Hubert Bonin

1st Edition

0429560095, 9780429560095

More Books

Students also viewed these Economics questions