Externalities
A) Occur because of government failure.
B) Are the costs or benefits of market activities that "spill over" onto third parties.
C) Occur because of selfish consumers.
D) Occur because demand is hidden.
Correct Answer:
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Q35: If Good X has social demand that
Q36: The free-rider problem
A)Arises from the ability to
Q37: A public good
A)Is any good produced by
Q38: In economics,a public good
A)Is any good produced
Q39: Which of the following is an example
Q41: A monopoly occurs when
A)A firm gains some
Q42: Generally speaking,monopolies
A)Have great productive efficiency and are
Q43: Which of the following produces external benefits?
A)Garbage
Q44: Antitrust activity addresses
A)Market power.
B)Inequity.
C)Macro instability.
D)Public goods.
Q45: When external costs result from the production
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