Too much of a good is produced if some external benefits of producing or consuming it are ignored by the private decision makers.

Name: Too much of a good is produced if some external benefits of producing or consuming it are ignored by the private decision makers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If some external benefits of producing or consuming a good are ignored by private decision makers, then too little of the good may be produced. Too much is produced if external costs are ignored.

Too Much of a Good Is Produced If Some External