A Positive Consumption Externality Will Cause a Private Market to Produce

question 97

Multiple Choice

A positive consumption externality will cause a private market to produce:

• A)less than is socially desirable
• B)more than is socially desirable
• C)more than is market optimal
• D)less than is market optimal

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Definitions:

China

is a country in East Asia, known for its vast population, rich history, and significant influence on global economics and politics.

Mono-Culture

The agricultural practice of growing a single crop species over a wide area for many consecutive years, potentially leading to decreased biodiversity and increased vulnerability to pests and diseases.

American Culture

The set of customs, traditions, and values shared by the people of the United States, influenced by its history and diverse ethnic backgrounds.

Unique

Being the only one of its kind; unlike anything else in terms of characteristics, qualities, or features.