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

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Definitions:

Sodium Deficiency

A condition that occurs when the level of sodium in the blood falls below the normal range, potentially leading to symptoms like headache, nausea, and weakness.

Nutrition

Refers to edible material, food, things that nourish.

Utilization

To use or make use of.

Food Substances

Components or ingredients used in the making of food, which can range from basic natural products to artificially produced compounds.