Business
Business, 14.01.2020 23:31, deaklet

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.

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Answers: 3

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Private markets fail to reach a socially optimal equilibrium when positive externalities are present...

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