In an unregulated competitive market, the presence of marginal external cost of a good or service results in overproduction.

Name: In an unregulated competitive market, the presence of marginal external cost of a good or service results in overproduction.
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Question

Quizplus · Accepted Answer

In an unregulated competitive market, producers do not account for marginal external costs, leading to overproduction as the social cost exceeds the private cost.

In an Unregulated Competitive Market, the Presence of Marginal External