There is a negative externality,but no positive externality. It follows that
A) the market outcome is inefficient.
B) the market outcome is efficient.
C) MSC > MPC
D) MPC > MSC
E) a and c
Correct Answer:
Verified
Q41: The federal government and many state governments
Q44: Economist A believes that the case for
Q48: "I'm not going to pay for the
Q51: Suppose health-care reform Y makes it unlawful
Q53: Which of the following statements is false?
A)
Q55: The essence of a prisoner's dilemma setting
Q56: If government removes two people from a
Q58: Government provides a nonexcludable public good that
Q59: Person A argues that government is unnecessary
Q77: A special interest group has a good
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents