Economist James Meade wrote that the market for honey was:
A) efficient.
B) Pigouvian.
C) externally costly.
D) externally beneficial.

Name: Economist James Meade wrote that the market for honey was: A) efficient. B) Pigouvian. C) externally costly. D) externally beneficial.
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James Meade argued that the market for honey is externally beneficial because beekeepers' bees pollinate nearby crops, providing benefits to farmers that are not reflected in the market price of honey.

Economist James Meade Wrote That the Market for Honey Was