The optimal mix of output may not be produced by an economy because of the existence of
A) Inequity.
B) Internalities.
C) Underproduction of public goods.
D) Production possibilities.
Correct Answer:
Verified
Q15: Q16: From an economic standpoint,government intervention may be Q17: Market failure may lead to Q18: The term market mechanism refers to Q19: Which of the following is possible when Q21: The central question in determining whether a Q22: The market tends to underproduce public goods Q23: Which of the following explains what would Q24: Which of the following explains why flood Q25: If public goods were marketed like private
A)An equitable distribution
A)The use
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