Multiple Choice
In private equilibrium,a positive production externality will lead to __________; a negative consumption externality will lead to ___________.
A) SMC less than PMC; SMC greater than PMC
B) SMC less than PMC; SMC less than PMC
C) SMB less than PMB; SMC greater than PMC
D) SMC less than PMC; SMB less than PMB
Correct Answer:
Verified
Correct Answer:
Verified
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