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Thread: Confusing Economics Question. Help Greatly Appreciated!

  1. #1

    Confusing Economics Question about Supply and Demand. Help Greatly Appreciated!

    I'm very confused about this homework question I have and was hoping someone could help or at least provide some insight!

    The forces of supply and demand will provide a quantity that is
    A) less than the efficient quantity if a good generates external benefits.
    B) more than the efficient quantity if a good generates external benefits.
    C) exactly the efficient quantity if a good generates external benefits.
    D) either more than or less than the efficient quantity if a good generates external benefits. It is impossible to know whether it will be too much or too little without more information.
    Last edited by jwolfe890; 11-05-2017 at 12:33 AM.

  2. #2
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    I'm just an imagination of your figment !

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