-Refer to the Diagram Above

question 163

Multiple Choice

-Refer to the diagram above.If a positive externality exists in this market,the marginal social benefit from consuming this good at the competitive equilibrium output level is

• A) greater than P0.
• B) equal to P0.
• C) either greater than or less than P0,depending on the elasticity of supply.
• D) less than P0.
• E) either equal to or less than P0,depending on the elasticity of demand.

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Definitions:

Rewards

Benefits or recognition given in response to an individual's actions or performance.

Intrinsic Benefits

Advantages or positive outcomes that are inherent to an activity or action, not dependent on external recognition or reward.

Reader Benefits

Advantages or helpful outcomes that the reader can gain from engaging with a text or taking a recommended action.

Recognition And Respect

involves acknowledging and valuing the contributions and rights of individuals or groups, fostering a positive and inclusive environment.