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Which of these is an ideal economic situation that leads to a positive externality? a. Social costs are higher than private costs b. Private costs are equal to social costs c. Private costs are higher than social costs d. Private costs are lower than social costs

Which of these is an ideal economic situation that leads to a positive externality? a. Social costs are higher than private costs b. Private costs are equal to social costs c. Private costs are higher than social costs d. Private costs are lower than social costs

Principles of Economics 2e
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 1SCQ: Identify the following situations as an example of a negative or a positive externality: You are a...
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Which of these is an ideal economic situation that leads to a positive externality? a. Social costs are higher than private costs b. Private costs are equal to social costs c. Private costs are higher than social costs d. Private costs are lower than social costs
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