There is an externality present only when
A) private costs diverge from social costs.
B) private benefits diverge from social benefits.
C) private costs or benefits diverge from social costs or benefits.
D) private costs equal social costs.
Correct Answer:
Verified
Q84: All of the following are examples of
Q85: An externality occurs whenever
A) private costs are
Q89: Q90: Which one of the following is an Q93: A situation in which a private cost Q94: An externality is a situation in which Q97: An externality exists when
A)
A) there are private
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