Under which of the following conditions do positive externalities cr? O A good is produced by a perfectly competitive tirm and there is no govemment intervention in de market. O Benefits are received by parties other than the producers or buyers of a good. The government provides a good at no cost to the poor in order to achieve a more equinble distribution of income. O A monopolist is allowed to produce a good but the governmeut controls the price OThe social cost of produucing a good is lhieher than the privare cost to the procducer re brelicking on the comeer response
Under which of the following conditions do positive externalities cr? O A good is produced by a perfectly competitive tirm and there is no govemment intervention in de market. O Benefits are received by parties other than the producers or buyers of a good. The government provides a good at no cost to the poor in order to achieve a more equinble distribution of income. O A monopolist is allowed to produce a good but the governmeut controls the price OThe social cost of produucing a good is lhieher than the privare cost to the procducer re brelicking on the comeer response
Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 12QP
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