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:

Declared

A term referring to variables or functions that are given a type and identifier in a program's code but not necessarily initialized.

Arithmetic

A branch of mathematics dealing with the study and manipulation of numbers through operations such as addition, subtraction, multiplication, and division.

Addresses

Addresses in computing are numerical representations that indicate specific locations in memory where data can be found or stored.

Pointers

A variable that stores the address of another variable.