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:
Verified
Q17: Which of the following is possible when
Q18: Resources are directed from one industry to
Q19: Government intervention may be appropriate to correct
Q20: Market failure implies that the market mechanism
A)Leads
Q21: Which of the following is the government
Q23: Which of the following is a sound
Q24: Air pollution best illustrates
A)Market power.
B)An externality.
C)An inequity.
D)Government
Q25: If Good X has social demand that
Q26: Firms in Colorado dump waste into the
Q27: The free-rider problem
A)Arises from the ability to
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