Which of the following can prevent markets from reaching efficiency? I. decreasing marginal benefit
II) taxes
III) quantity regulations that limit the quantity that may be produced
A) I and II
B) I and III
C) II and III
D) I, II and III
Correct Answer:
Verified
Q191: If there are no external costs or
Q192: The pollution created when coal is burned
Q193: Which of the following can prevent markets
Q194: Suppose a tax is imposed on a
Q195: Underproduction of a good _ create a
Q197: Among the sources of economic inefficiency are
Q198: A cost borne not by the producer
Q199: If there is an external cost from
Q200: At the efficient level of production
A) producer
Q201: Underproduction compared to the efficient amount implies
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