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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