If a Market Generates a Positive Externality, the Social Value

question 7

True/False

If a market generates a positive externality, the social value curve is above the demand curve (private value curve).

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Definitions:

Genus Pongo

The taxonomic group that includes the great apes known as orangutans, native to Indonesia and Malaysia.

Orangutans

Large apes native to Indonesia and Malaysia, known for their red-brown hair and highly intelligent, solitary behavior.

Placenta

The partly fetal and partly maternal organ whereby materials are exchanged between fetus and mother in the uterus of placental mammals.

Embryo/Fetus

The stage of development in vertebrates from fertilization until birth, beginning as an embryo and later developing into a fetus.