Private markets fail to reach a socially optimal equilibrium when positive externalities are present because the
a. private cost exceeds the private benefit at the private market solution.
b. social value exceeds the private value at the private market solution.
c. private cost exceeds the social benefit at the private market solution.
d. private benefit equals the social benefit at the private market solution.
Answers: 3
Business, 22.06.2019 14:10, ashtonbillups
Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity
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Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Private markets fail to reach a socially optimal equilibrium when positive externalities are present...
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