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Good new technologies are a bit like good new roads: Their social benefits far exceed what any
one person or company can get paid for creating them Michael Lewis, " In defence of the
boom," New York times, October 27, 2002.
Solution
C. Tes. When marginal social benefits are positive, subsidies can increase output to achieve
efficient outcomes.
*****

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Good new technologies are a bit like good new roads Their social ben.pdf

  • 1. Good new technologies are a bit like good new roads: Their social benefits far exceed what any one person or company can get paid for creating them Michael Lewis, " In defence of the boom," New York times, October 27, 2002. Solution C. Tes. When marginal social benefits are positive, subsidies can increase output to achieve efficient outcomes. *****