Question 7 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 Demand What kind of externality is in the market above? O a. negative consumption externality O b. positive production externality Oc. negative production externality O d. positive consumption externality 350 Supply MSB 400

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.12P
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Question 7
0.90
0.85
0.80
0.75
0.70
0.65
0.60
0.55
0.50
0.45
0.40
50
100
150
200 250
300
Demand
What kind of externality is in the market above?
Oa. negative consumption externality
Ob. positive production externality
Oc. negative production externality
O d. positive consumption externality
350
Supply
MSB
400
Transcribed Image Text:A Moving to another question will save this response. Question 7 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 Demand What kind of externality is in the market above? Oa. negative consumption externality Ob. positive production externality Oc. negative production externality O d. positive consumption externality 350 Supply MSB 400
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