17. In the presence of positive externalitics, a market will charge A) the corre

Question

17. In the presence of positive externalitics, a market will charge A) the correct amount; the correct amount B) too much; the correct amount C) the correct amount; too little D) too little; too little and produce 18. From 1960 to 2010 the amount of money spent on K-12 education has terms,in real terms and A) increased; decreased; decreased. B) decreased; increased; decreased C) increased; decreased; increased. D) increased; increased; increased. in dollar in real dollars per student terns. , 19. Since the 1960's student-teacher ratios haveiromto A) inereased; 15; 26 B) decreased; 26; 15 C) decreased; 35; 15 D) decreased; 17; 1s 20.SAT scores are than they were in the 1960'si they were in 1980. A) higher, and much higher than B) lower, and much lower tharn C) lower; but higher than D) lower, but about the same as 21. Tampa-St. Petersburg built new facilities to attract a sports franchise, but got a team only after waiting A) two years

Explanation / Answer

17. D) too little ; too little

When the case of positive externality arises a significantly lesser quantity is produced and consumed than the socially optimal level. The firm doesn't benefit much in comparison to the society and the consumers pay and consume less than the socially efficient output.

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