If a market for a product has no environmental impacts, then the market supply accounts for _____ of the marginal costs to society of producing this product.
A) some
B) most
C) all
D) none
Correct Answer:
Verified
Q39: Market failures can arise when
A) externalities exist.
B)
Q40: If negative externalities are taken into account
Q41: Suppose the external (pollution) costs of a
Q42: The socially optimal level of a product
Q43: If the external costs exceed the consumer
Q45: Producer surplus is
A) the difference between how
Q46: The area under the demand curve but
Q47: When positive externalities are present, the social
Q48: Which of these is an example of
Q49: _ are examples of market failure caused
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