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Question 21 ('1 point) The market for education has major _____ externalities while the market for cars has major ______ externalities. 0 positive, negative 0 negative, negative 0 positive, positive 0 negative, positive Question 22 (1 point) Listen In a competitive market with a negative externality, market equilibrium tends to provide quantity, and a government policy may increase the net social benefit of the market. O little, tax little, subsidy O much, subsidy much, taxQuestion 23 (1 point) Listen According to the Coase Theorem, if markets for externalities existed it would not be necessary to have taxes and subsidies as tools to deal with externalities. O True O FalseQuestion 24 (1 point) () Listen In the following figure, a competitive market has a externality, and competitive equilibrium provides output. MSC Supply (MPC) A P* Demand (MPB) quantitypositive, too little O negative, too little positive, too much O negative, too muchQuestion 25 (1 point) () Listen In a competitive market with a positive externality, market equilibrium tends to provide quantity, and a government policy may increase the net social benefit of the market. O little, tax O little, subsidy much, subsidy O much, tax