Which of these is an example of consumers creating a negative externality?
A) Air traffic from a nearby airport reduces property values.
B) A fast-food restaurant fails to provide medical benefits to employees.
C) A tanker ship leaks oil into a harbor.
D) Litter is found in an area around a fast-food restaurant.
Correct Answer:
Verified
Q43: If the external costs exceed the consumer
Q44: If a market for a product has
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
Q49: _ are examples of market failure caused
Q50: (Figure: Determining Consumer and Producer Surplus) Based
Q51: (Figure: Determining Consumer and Producer Surplus) Based
Q52: (Figure: Determining Consumer and Producer Surplus) Based
Q53: (Figure: Determining Consumer and Producer Surplus) Based
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