The graph below depicts the market for a good with what type of externality present? Price 227 20 18 16 14 12 10 8 6- 4 2- 0- 0 20 40 60 80 100 120 Social Cost Quantity D 120 140 160 180 200 Private Cost Negative production externality O Positive consumption externality O Negative consumption externality O Positive production externality

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
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The graph below depicts the market for a good with what type of externality present?
Price
22
20-
18
16
4
12-
10-
co
19090
6
A
2
0
To
0 20 40 60 80 100 120 140
Quantity
Social Cost
D
160
O Negative production externality
Positive consumption externality
O Negative consumption externality
O Positive production externality
Private Cost
180 200
Transcribed Image Text:The graph below depicts the market for a good with what type of externality present? Price 22 20- 18 16 4 12- 10- co 19090 6 A 2 0 To 0 20 40 60 80 100 120 140 Quantity Social Cost D 160 O Negative production externality Positive consumption externality O Negative consumption externality O Positive production externality Private Cost 180 200
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