A positive externality exists when O marginal social costs are less than marginal private costs. O marginal social costs are greater than marginal private costs. O marginal social benefits are less than marginal private benefits. O marginal social benefits are greater than marginal private benefits. a and d

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 7SQ
icon
Related questions
Question
A positive externality exists when
O marginal social costs are less than marginal private costs.
O marginal social costs are greater than marginal private costs.
O marginal social benefits are less than marginal private benefits.
O marginal social benefits are greater than marginal private benefits.
O a and d
Transcribed Image Text:A positive externality exists when O marginal social costs are less than marginal private costs. O marginal social costs are greater than marginal private costs. O marginal social benefits are less than marginal private benefits. O marginal social benefits are greater than marginal private benefits. O a and d
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
The demand For Public Goods
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Economics, 7th Edition (MindTap Cou…
Principles of Economics, 7th Edition (MindTap Cou…
Economics
ISBN:
9781285165875
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning