'questions are given above as photo answer please '
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Pawan Y.
Questions are in image I uploaded . I need help with all please !
Supreeta N.
In a competitive market for a private good with no externalities, the equilibrium price and quantity occur at the intersection of the demand and supply curves. At this point, which of the following is true? Select one: a. Total surplus is maximized. b. Consumer surplus is maximized. c. Net social benefit is zero. d. Producer surplus is maximized. Which of the following is an example of a negative externality? Select one: a. All of the listed options. b. Over-fishing of local fishing grounds. c. Passive smoking. d. Congestion on a public road.
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