The devices the government can use to achieve a more efficient allocation of resources in the presence of external benefits include all of the following except
A)intellectual property rights.
B)subsidies.
C)public production.
D)marketable permits.
E)patents.

Question

Quizplus · Accepted Answer

Marketable permits are typically used to address external costs, not external benefits. They are used to limit negative externalities like pollution, rather than to promote positive externalities.

The Devices the Government Can Use to Achieve a More