The market will overproduce goods that have external costs because
A) Producers have lower costs than society has.
B) Producers experience higher costs than society.
C) The government is not able to produce these goods.
D) Producers cannot keep the goods from consumers who don't pay, so they produce a greater amount.
Correct Answer:
Verified
Q1: According to EPA studies,the United States generates
Q17: Assigning values to environmental damage is relatively
A)
Q18: Which of the following is assumed to
Q21: Under the market mechanism,a market characterized by
Q24: When external costs are present,
A)There is market
Q28: If the social costs of an economic
Q32: When private and social costs are equal,
A)Market
Q33: If the social costs of an economic
Q34: Which of the following is not the
Q37: If a firm that pollutes wants to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents