Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

N3 answer the below question and give a short explanation A5. In the case of positive consumption externalities: A. The social benefit is greater than

N3

answer the below question and give a short explanation

A5. In the case of positive consumption externalities:

A. The social benefit is greater than the individual benefit. B. The individual benefit is greater than the social one. C. The selling price of the product reflects the social benefit. D. The optimal allocation of resources is achieved where the private marginal benefit curve intersects the supply curve.

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

Macroeconomics Principles Applications and Tools

Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez

9th edition

978-0134089027, 134089022, 978-0134420684

More Books

Students also viewed these Economics questions

Question

=+b) What are the standard deviations for each action?

Answered: 1 week ago

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago