Free markets produce too little output when _____
A) negative externalities exist.
B) positive externalities exist.
C) decisions are based on private marginal benefits.
D) production uses variable technology.
E) the resource is exhaustible.
Correct Answer:
Verified
Q1: Oil is an example of a renewable
Q6: Private property rights are easily assigned to
Q30: The equilibrium price and quantity in a
Q59: If the marginal social cost of producing
Q65: Environmental problems result when social costs and
Q170: Pollution occurs because property rights to exhaustible
Q171: To achieve the socially optimal level of
Q173: Which of the following is an example
Q178: The optimal air quality is determined where
Q179: Pollution occurs because property rights to some
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents