The existence of externalities is
A) impossible in a market system.
B) an argument to keep government from becoming involved in the allocation of resources.
C) a situation where some costs or benefits of an activity affect people who had no influence over the decision to carry out that activity.
D) a result of international trade.
E) always harmful.
Correct Answer:
Verified
Q93: Which of the following is a likely
Q94: The social costs of a good are
Q95: Negative externalities that come from the production
Q96: Which of the following is an example
Q97: An externality
A) enhances the efficiency of the
Q99: Government inefficiencies do not result from
A) the
Q100: External costs occur when
A) the costs of
Q101: Consumer surplus is the difference between total
Q102: One reason government intervenes in the market
Q103: Lack of well-defined _ may cause market
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents