Solved

Government Intervention in a Particular Industry Is Unnecessary If Each

Question 44

Multiple Choice

Government intervention in a particular industry is unnecessary if each of the industry's firms is operating where


A) price is equal to private marginal cost.
B) the demand curve is perfectly elastic.
C) there are no positive externalities.
D) marginal social benefit is equal to marginal social cost.
E) there are no negative externalities.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q39: What is meant by the term "market

Q40: Moral hazard often arises in the case

Q41: FIGURE 16- 1 FIGURE 16-</p></div><svg width=

Q42: Consider a remote village with a limited,freely

Q43: FIGURE 16- 1 FIGURE 16-</p></div><svg width=

Q45: The diagram below shows the supply and

Q46: Economists consider a product such as a

Q47: The direct resource costs of government intervention

Q48: Suppose an advertising firm purchases additional insurance

Q49: An example of adverse selection is
A)asking a

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents