uppose that elementary education creates a positive externality. If the government does not absidize education, then elect one: O a. the equilibrium quantity of education is optimal O b. the equilibrium quantity of education will be less than the socially optimal quantity of education O c. the equilibrium quantity of education will be equal to the socially optimal quantity of education O d. the equilibrium quantity of education will be greater than the socially optimal quantity of education

uppose that elementary education creates a positive externality. If the government does not absidize education, then elect one: O a. the equilibrium quantity of education is optimal O b. the equilibrium quantity of education will be less than the socially optimal quantity of education O c. the equilibrium quantity of education will be equal to the socially optimal quantity of education O d. the equilibrium quantity of education will be greater than the socially optimal quantity of education

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 42P: Table 12.12, shows the supply and demand conditions for a firm that will play trumpets on the...

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