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Business, 05.07.2021 19:40 dondre54

Quantity (Units) Private Value (Dollars) Private Cost (Dollars) External Cost (Dollars) 1 46 21 6
2 44 24 6
3 42 27 6
4 40 30 6
5 38 33 6
6 36 36 6
7 34 39 6

The table represents a market in which:

a. there is no externality
b. there is a positive externality.
c. there is a negative externality.
d. The answer cannot be determined from inspection of the table.

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Answers: 1

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