The economic gain that a positive externality provides to others is called:
A) an internal benefit.
B) an external benefit.
C) an external cost.
D) an internal cost.
Correct Answer:
Verified
Q5: A positive externality is created if:
A) an
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)
Q11: Three hundred paper mills compete in the
Q12: Limitations of bargaining include:
A) its impracticality.
B) property
Q13: The economist who won the Nobel Prize
Q14: When a firm ignores external costs:
A) it
Q15: Limitations of bargaining include:
A) contracts may not
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