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If positive externalities exist in a perfectly competitive market with no government intervention, which of the following is TRUE?

A

The marginal social cost will exceed the marginal private cost.

B

The marginal social benefit will exceed the marginal private benefit.

C

Marginal social benefit will be less than marginal private benefit.

D

Marginal social cost will be less than marginal private cost.

E

Marginal social benefit and marginal social cost will be the same as marginal private benefit and marginal private cost.

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