A free market with an external benefit is ______, and one with an external cost is ______.
A) efficient; efficient
B) inefficient; inefficient
C) efficient; inefficient
D) inefficient; efficient
Correct Answer:
Verified
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Q99: Use the following to answer questions:
Figure: Softella
Q100: When external benefits are significant:
A) market output
Q102: Products that create external benefits are:
A) overconsumed
Q103: A(n) _ subsidy is a subsidy on
Q104: In the presence of an external benefit,
Q105: Use the following to answer questions:
Figure: External
Q106: When external benefits are present in a
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