Question: 3. A positive externality generates a. b. c. a social cost curve that is above the supply curve (private cost curve) for a good. a

3. A positive externality generates

a. b.

c. a social cost curve that is above the supply curve (private cost curve) for a good. a social value curve that is above the demand curve (private value curve) for a good. a social value curve that is below the demand curve (private value curve) for a good.

d. none of the above.

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