-When negative externalities exist in a market, that market will produce too little output compared to the socially efficient level of output.

Name: -When negative externalities exist in a market, that market will produce too little output compared to the socially efficient level of output.
Brand: Quizplus
Rating: 4.8 (58 reviews)

Question

Quizplus · Accepted Answer

When negative externalities exist in a market, that market will produce too much output compared to the socially efficient level of output, because it does not account for the external costs imposed on society.

-When Negative Externalities Exist in a Market, That Market Will