Most economists believe that there are positive externalities in education. One can conclude that a free market would fail to give the socially optimal outcome because the equilibrium:
a. price and quantity would be too high.
b. price would be too low and quantity would be too high.
c. price and quantity would be too low.
d. price would be too high and quantity would be too low.
e. price and quantity would be just right.
Question 2
When there is a positive externality associated with the watering of one's lawn, the free market results in:
a. not enough lawn watering.
b. too much lawn watering.
c. the socially optimal level of lawn watering.
d. people watering each other's lawns.
e. government subsidies for lawn watering.
Positive and Negative Symptoms of Schizophrenia
Worldwide Enrollment in Tertiary Education
Reputable Websites for Patient Education
Positive ring precipitin test.
Will Posting Nutritional Content in Restaurants Have a Positive Impact on the Obesity Epidemic?
Social Media Tools for Education