When Products That Create Positive Externalities Are Produced, at the Market

question 24

True/False

When products that create positive externalities are produced, at the market equilibrium output, the social benefit generated by consuming the product exceeds the private benefit.

---

Definitions:

Emotionally Charged Issues

Topics or subjects that provoke strong emotional reactions and often require sensitive handling.

Discouraged

A feeling of having lost confidence or enthusiasm; demotivated.

Task Group

A collection of individuals assembled to perform a specific set of tasks or achieve certain objectives.

Standing Committees

Permanent committees established under the rules of a legislative body, organization, or society to consider matters of a certain type.