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Question 3 1 If consumption of a good is characterized by a positive externality, and if the good is provided through a fully private market,

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Question 3 1 If consumption of a good is characterized by a positive externality, and if the good is provided through a fully private market, then demand will be highly inelastic. too much of the good will be purchased to maximize total social surplus. too little of the good will be purchased to maximize total social surplus. consumer surplus will exceed producer surplus. Previous Next Quiz saved at 10:41pm Submit

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