A negative externality exists when
A) marginal social costs are less than marginal private costs.
B) marginal social costs are greater than marginal private costs.
C) marginal social benefits are less than marginal private benefits.
D) marginal social benefits are greater than marginal private benefits.
E) b and c
Correct Answer:
Verified
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
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
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