Markets Are Inefficient When Positive Production Externalities Are Present Because

question 94

Multiple Choice

Markets are inefficient when positive production externalities are present because:

• A)private benefits of consumption exceed social benefits of consumption when the market is in equilibrium
• B)social costs of production exceed private costs of production when the market is in equilibrium
• C)social benefits of consumption exceed private benefits of consumption when the market is in equilibrium
• D)private costs of production exceed social costs of production when the market is in equilibrium

---

Definitions:

Storytelling

The act of narrating stories or events, often used as a means of entertainment, education, cultural preservation, or to convey moral values.

Thematic Section

A segment or portion of a larger work that is unified by a common theme or topic.

Humility

The quality of having a modest or low view of one's importance, often considered a virtue in various philosophical and religious traditions.

Thematic Section

A segment of a document, presentation, or publication that is unified under a specific topic or theme.