According to the above pictures, the market equilibrium price and quantity in the market with the positive externality is A. P6; Q4. B. P7; Q3. c. P3; Q2. D. P2; Q1.

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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According to the above pictures, the market equilibrium price and quantity in the market with the positive externality is

A. P6; Q4.
B. P7; Q3.
c. P3; Q2.
D. P2; Q1.
P
P5
P6
P7
P8
B
C
Q4 Q3
Market X
MCs
MCP
MB
P
P1
P2
P3
P4
E
G
H
Q2 Q1
Market Y
MC
MBS
MBP
Transcribed Image Text:P P5 P6 P7 P8 B C Q4 Q3 Market X MCs MCP MB P P1 P2 P3 P4 E G H Q2 Q1 Market Y MC MBS MBP
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