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Author Question: Consider a product (say, tulip bulbs) that generates positive externalities when it is consumed ... (Read 56 times)

jenniferbaugh1984

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on: Oct 12, 2022
Consider a product (say, tulip bulbs) that generates positive externalities when it is consumed (other people enjoy looking at the tulips). In this case,
◦ at the market equilibrium, the price is too high to be allocatively efficient.
◦ the government could tax the production of this good to improve efficiency.
◦ too few tulips will be produced and consumed unless external benefits are internalized.
◦ at market equilibrium, the marginal social benefit is less than the marginal cost of producing the last unit.
◦ at the market equilibrium, the output would be greater than the socially optimal amount.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jenniferbaugh1984 on Oct 12, 2022

athenaheim

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenniferbaugh1984

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

phuda

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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