Refer to exhibit 31 5 if a positive externality

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155.Refer to Exhibit 31-5. If a positive externality exists, then curve __________ represents the marginalsocial benefit curve and the area __________ represents the market failure.a.2; BDCb.1; ABCc.3; ABCd.2; ABCe.1; BDCANS:APTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalitiesKEY:Bloom's: Application156.Refer to Exhibit 31-5. If a positive externality exists, then the external benefits associated with thepositive externality equal the distance between points __________, and the market output is__________.PTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalitiesKEY:Bloom's: Application157.Refer to Exhibit 31-5. If a positive externality exists, then curve 1 represents the __________, curve 2represents the __________, curve 3 represents the __________ and Q1represents the __________.PTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalities
KEY:Bloom's: Application158.Refer to Exhibit 31-5.If a positive externality exists, then the external benefits associated with thepositive externality equal the distance between points ____________ and the socially optimal output isPTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalitiesKEY:Bloom's: Application159.Refer to Exhibit 31-5.If a positive externality exists, then the external benefits associated with thepositive externality equala.P4- P2.b.P3- P1.c.P2- P1.d.P3- P2.e.a and bANS:EPTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalitiesKEY:Bloom's: Application160.Refer to Exhibit 31-5.If a positive externality exists, then the market ____________ output by theamount ________________.PTS:1DIF:Difficulty: Moderate
NAT:BUSPROG: AnalyticLOC:DISC: Markets, market failure, and externalitiesKEY:Bloom's: Application

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Term
Fall
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Tags
Externality, c

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