Only one firm produces chocolate- covered ants. This is an example of
A) a social good.
B) an imperfect market.
C) an inequitable outcome.
D) an external cost in consumption.
E) an external benefit in production.
Correct Answer:
Verified
Q14: Public goods are distinguished from other types
Q15: Which of the following is not an
Q16: If it is very difficult to exclude
Q17: The difficulty of getting people to pay
Q18: Firms with market power cause market failure
Q20: Economists often compare perfect competition and monopoly.
Q21: The output of a monopolist is likely
Q22: The following diagram shows the deadweight welfare
Q23: Which one of the following is a
Q24: Which formula can be used to calculate
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