Which activity does NOT typically generate an external cost?
A) air pollution
B) traffic congestion
C) public education
D) war
Correct Answer:
Verified
Q93: (Figure: Understanding Surplus and Efficiency) In the
Q94: (Figure: Interpreting Surplus) In the supply/demand graph
Q95: (Figure: Determining Surplus and Loss) In the
Q96: A price ceiling is a _ which
Q97: Asymmetric information reduces deadweight loss.
Q99: Minimum wage laws
A) create a price floor
Q100: (Figure: Understanding Price Ceilings and Floors) In
Q101: (Figure: Understanding Price Ceilings and Floors) In
Q102: (Figure: Determining Surplus 2) In the graph,
Q103: Consumer surplus is defined as the difference
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