If a Product Provides a Positive Externality,a Duopoly

question 108

Multiple Choice

If a product provides a positive externality,a duopoly

• A) will provide more social welfare than a monopoly.
• B) will provide less social welfare than a monopoly.
• C) will provide the same social welfare as a monopoly.
• D) introduces an interesting and untested twist to the externality story.

---

Definitions:

Ideological Preferences

The set of beliefs or principles that individuals or groups prefer and use to guide their decisions and actions.

Significant Resources

Considerable or important assets, funds, or materials necessary for achieving specific goals or operations.

Transformational Elections

Elections that result in significant shifts in the political landscape, often altering policies, leadership, and the direction of a country.

Landslide

A geological phenomenon involving the rapid downward movement of a mass of rock, earth, or debris down a slope, often triggered by heavy rain or earthquakes.