Which of the Following Is True of Positive Consumption Externalities

question 179

Multiple Choice

Which of the following is true of positive consumption externalities?

• A)social value exceeds private value and market quantity exceeds socially optimal quantity
• B)social value is less than private value and market quantity exceeds socially optimal quantity
• C)social value exceeds private value and market quantity is less than socially optimal quantity
• D)social value seldom exceeds private value and therefore social quantity is less than private quantity

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Definitions:

Semantic Memory

A type of long-term memory involving the storage and recall of general knowledge and facts about the world, separate from personal experiences.

Concepts

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Events

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Place

A specific, defined area or environment that holds meaning or significance for an individual or community.