A positive externality is created if:
A) an action harms someone not involved in the market transaction.
B) an action benefits someone not involved in the market transaction.
C) neither helps nor hurts someone not involved in the market transaction.
D) an action harms or benefits someone not involved in the market transaction.
Correct Answer:
Verified
Q1: An external cost is:
A) the cost of
Q2: Three hundred paper mills compete in the
Q3: The marginal social cost of production is:
A)
Q4: Limitations of bargaining include:
A) contracts may not
Q6: A negative externality is created if:
A) an
Q7: Three hundred paper mills compete in the
Q8: The Coase Theorem states that:
A) if bargaining
Q9: An action creates an externality if it:
A)
Q10: The economic gain that a positive externality
Q11: Three hundred paper mills compete in the
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