Generally positive externalities result in a too much

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24.Generally, positive externalities result ina.too much of a good being produced.b.the socially optimal output of a good being produced.c.too little of a good being produced.d.either a or ce.any of the above
____25.A positive externality exists when
____26.A tax may be used as a corrective device in the case of a negative externality because it will __________marginal private costs and __________ supply.
____27.A subsidy may be used as a corrective device in the case of a positive externality because it will __________marginal private benefits and __________ demand.
b.increase; increasec.decrease; decreased.decrease; increase____28.If the consumption of a good by one person reduces its consumption by others, then the good isa.nonrivalrous in consumption.b.rivalrous in consumption.c.nonexcludable.d.excludable.e.b and d
____29.Which of these goods may be considered rivalrous in consumption and nonexcludable?
____30.If a negative externality exists, then there is a __________ when society produces the market output insteadof the socially optimal output. This exists because the __________ to sellers and third parties are __________the __________ derived by buyers.
____31.Which of the following statements isfalse?
____

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Term
Fall
Professor
MASOOMIAN
Tags
Externality, loanable funds, loanable funds curve

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