Ask Question
29 October, 20:31

If an entrepreneur opens an adult day care center that produces positive externalities, the equilibrium quantity of day care that is produced will be

+3
Answers (1)
  1. 29 October, 20:45
    0
    the equilibrium quantity of day care that is produced will be: lower than socially optimal.

    Positive externalities under this circumstances refers to the third-party that would be benefited from a certain economic transaction. In adult-day care, the third party is benefited because the people who use the services are not the one that who actually pay for the service
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If an entrepreneur opens an adult day care center that produces positive externalities, the equilibrium quantity of day care that is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers