Answer Happy

Suppose that education were not financed by the state and thateach individual had to pay for his or her own education fromkindergarten through high school. One would expect that:
less education would be acquired than at present, since anindividual may not consider the positive external benefits ofeducation to society.
a Pigouvian tax would ensure the optimal amount ofeducation.
more education would be acquired than at present, since anindividual may not consider the positive external benefits ofeducation to society.
the optimal amount of education would be acquired by communitymembers, since they would each pay for the amount of education theywant.