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Sue consumes a good and, as a result, the good generates an external cost. Consequently, the social demand is greater than the market demand. the

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Sue consumes a good and, as a result, the good generates an external cost. Consequently, the social demand is greater than the market demand. the social demand is equal to the market demand. there is neither social demand nor market demand for the good. the social demand is less than the market demand. Question 19 (1 point) ()Listen When externalities are present, the market fails by Being at the socially optimal equilibrium O Underproducing goods with external costs and overproducing goods with external benefits Overproducing goods with external costs and underproducing goods with external benefits Overproducing goods with external costs and producing the right amount of goods with external benefits

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