A negative externality exists when
A) a person's or group's actions cause a benefit that is felt by others.
B) a person's or group's actions cause a cost that is felt by others.
C) market output is less than socially optimal output.
D) a and c
E) b and c
Correct Answer:
Verified
Q82: If a negative externality exists, _ in
Q83: A negative externality is internalized when _
Q84: Which of the following is an example
Q85: Market failure is a situation in which
A)negative
Q86: Marginal social costs are equal to
A)marginal private
Q88: Marginal social benefits are equal to
A)marginal private
Q89: According to the Coase theorem, externalities
A)must usually
Q90: Generally, positive externalities result in
A)too much of
Q91: The government's provision of nonexcludable public goods
Q92: Generally, negative externalities result in
A)too much of
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