If a production process creates positive externalities, a competitive market produces too few positive externalities because the producer a. does not pay all the costs of the externalities. b. does not receive compensation for the externalities. c. both a and b. d. none of the above.

The correct answer is option B.

Explanation:

When there is a positive externality the social benefit to consumers will be higher than the private benefit. Positive externalities mean that the benefit of production will be earned by some third party. The firms will not be compensated for these externalities. This will lead to market failure. So, a competitive firm will produce too few positive externalities unless the firms are compensated.  

mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates control loss.

answer; /// i do believe the correct answer is (30,000);