Consider a good with positive externalities. Relative to the outcome of an unregulated market, a market which accounts for these positive externalities would have prices and quantities. A) higher; higher B) lower; lower C) higher; lower D) lower; higher

Consider a good with positive externalities. Relative to the outcome of an unregulated market, a market which accounts for these positive externalities would have prices and quantities. A) higher; higher B) lower; lower C) higher; lower D) lower; higher

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 8QP

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Question

Consider a good with positive externalities. Relative to the outcome of an
unregulated market, a market which accounts for these positive externalities would
have
prices and
quantities.
A) higher; higher
B) lower; lower
C) higher; lower
D) lower; higher

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