A side effect of an action that affects the well-being of third parties is
A) a marginal cost.
B) a marginal private benefit.
C) an externality.
D) a and b
E) all of the above
Correct Answer:
Verified
Q94: When marginal private cost is less than
Q95: A positive externality exists when
A)marginal social costs
Q96: If a positive externality exists, _ in
Q97: If an asymmetry of information is removed
Q98: A positive externality exists when
A)a person's or
Q100: If the government does not provide it,
Q101: A positive externality is internalized when
A)demand shifts
Q102: Exhibit 30-3 Q103: A subsidy may be used as a Q104: Exhibit 30-3
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