Students Home Content Question Completion Status: QUESTION 3 Use the figure below depicting a market subject to an externality to answer the following questions. SMC PMC = S $6 $5 $4 D = PMB = SMB 80 100 Q Based on the provided figure, we can tell that the market is subject to a (enter only "positive" or "negative") externality in (enter only "production" or "consumption"). Consider the following examples of externalities: A. Passive exposure to second-hand smoke, B. Herd immunity from vaccination, C. Watershed pollution from local factory, D. A firm develops new freeware which is utilized by other companies to improve productivity. Based on this list of externalities, we can say the figure above best illustrates (enter only "A", "B", "C", or "D"). If this market is unregulated, then we can expect (enter only. "more" or "less") than the efficient amount of output will be produced/consumed. The external marginal benefit/cost of producing/consuming this good or service is $ ( enter only the whole number with no decimals). Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All An 24 43 6 NOV 3 tv 4 W