When the private costs of production that are incurred by a business are different than the total cost to society, _____ failure has most likely occurred.
A) a government
B) a market
C) an economic
D) a social
Correct Answer:
Verified
Q1: A situation in which free, unregulated markets
Q2: The Rainbow Paint Company has lowered its
Q4: A side effect of a transaction that
Q5: A _ occurs when someone who is
Q6: A _ occurs when someone who is
Q7: An example of a positive externality is:
A)
Q8: An example of a positive externality is:
A)
Q9: An example of a negative externality is:
A)
Q10: An example of a negative externality is:
A)
Q11: _ costs are marginal costs that are
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