If education creates positive externalities,
a. private markets provide less than the socially optimal quantity of education
b. private markets provide more than the socially optimal quantity of education
c. the marginal private benefit curve is higher than the marginal social benefit curve
d. the marginal private cost curve is higher than the marginal social cost curve
e. the government should impose a depletion tax
A
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The figure above shows Ilene's budget line. The price of a can of cat food is $2. The price of a can of dog food
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