External costs are the difference between
A) Social costs and private costs.
B) Benefits and costs.
C) Average and marginal costs.
D) Marginal social benefits and marginal social costs.
Correct Answer:
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Q21: Under the market mechanism,a market characterized by
Q22: All of the following are negative externalities
Q23: When external costs exist,
A)There is government failure.
B)Market
Q24: When external costs are present,
A)There is market
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Q28: If the social costs of an economic
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