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What is the relationship between the competitive market equilibrium quantity and the socially efficient price when there is a positive externality in the market? A)

What is the relationship between the competitive market equilibrium quantity and the socially efficient price when there is a positive externality in the market?

A) The socially efficient equilibrium quantity is GREATER than the competitive market equilibrium quantity.

B) The socially efficient equilibrium quantity is LESS than the competitive market equilibrium quantity.

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