An externality is any activity for which an individual firm or consumer does not take into account all
A) of the ramifications of its actions on others.
B) associated costs.
C) associated benefits.
D) associated costs and benefits.
E) negative impacts on the economy.
Correct Answer:
Verified
Q23: A competitive equilibrium has the following property:
A)
Q24: The marginal rate of transformation is
A) the
Q25: The real wage is determined by
A) the
Q26: The first fundamental theorem of welfare economics
Q27: Relative to the social optimum,monopoly power directly
Q29: Immunization from communicable diseases generate
A) overproduction.
B) a
Q30: The concept of Pareto optimality is a
A)
Q31: A Pareto optimum
A) can be found in
Q32: The presence of a distorting tax on
Q33: A Pareto optimum is a point that
A)
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