Match List-I (Externality) with List-II (Type of Externality): List-I: (A) Apple farmer who has his orchard next to a beekeeper; (B) Villages downstream from a manufacturing plant; (C) An unvaccinated family living next door to a family who has received the COVID-19 vaccination; (D) Rice farmer who has his field next to a chemical plant. List-II: (I) positive consumption; (II) negative consumption; (III) positive production; (IV) negative production.
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Market failure, externalities and public goods has come up 114 times in 7 exams since 2006.
This question is on Externalities and the social optimum, part of Market failure, externalities and public goods in Microeconomics.
Costs or benefits that fall on others, and why the private and socially efficient outputs differ.
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Question from the CUET-PG 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.