When a Positive Externality Exists in a Market,total Surplus

question 100

Multiple Choice

When a positive externality exists in a market,total surplus:

• A) is decreased by deadweight loss compared to that same market without a negative externality.
• B) is the same as a market without a negative externality.
• C) is increased by deadweight gain compared to that same market without a negative externality.
• D) is the same but re-distributed differently than if that same market did not have a negative externality.

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Definitions:

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A state in which too many expectations or demands are placed on a person.

High Expectation

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A personality trait which reflects an individual's fundamental assessments about themselves, their abilities, and their control over their environment.