Exhibit 15-1 -Refer to Exhibit 15-1. the Graph Illustrates the Presence of the Presence

question 134

Multiple Choice

Exhibit 15-1
-Refer to Exhibit 15-1. The graph illustrates the presence of

• A)social efficiency.
• B)a positive externality.
• C)a negative externality.
• D)private market disequilibrium.
• E)government intervention.

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Definitions:

Social Needs

The need for love, companionship, and friendship—the desire for acceptance by others.

Companionship

The feeling of fellowship or friendship provided by a companion or companions.