QUESTION 30 Which of the following is considered a positive externality? OSmoking cigarettes Listening to a new CD with earbuds An indoor classical music concert with tickets that cost $50 Innovation in the semiconductor industry

QUESTION 30 Which of the following is considered a positive externality? OSmoking cigarettes Listening to a new CD with earbuds An indoor classical music concert with tickets that cost $50 Innovation in the semiconductor industry

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 1SCQ: Identify the following situations as an example of a negative or a positive externality: You are a...

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Similar questions

Give an example of a positive externality and an example of a negative externality.
Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the model to show the impact of the negative externality from second-hand smoking. (Hint: In this case it is the consumers, not the sellers, who are creating the negative externality.) Label the social optimal output and price as Fe and Qe. On the graph, shade in the deadweight loss at the market output.
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