Lila shares a house with two other people.She is a concert pianist and often practices at home.One roommate enjoys listening to her practice,but the other does not.For the roommate who enjoys listening to Lila play,this is an example of ________; for the other roommate,it is an example of ________.
A) the tragedy of the commons; the third-party problem
B) a positive externality; a negative externality
C) a positive externality; the free-rider problem
D) the free-rider problem; the tragedy of the commons
E) a negative externality; the tragedy of the commons
Correct Answer:
Verified
Q2: For a market to work efficiently
A) the
Q3: The costs or benefits of a market
Q4: Negative externalities have _ for third parties.
A)
Q5: The cost of an activity paid for
Q6: The pollution emitted by a car is
Q7: Refer to the accompanying table,where Q represents
Q8: The costs of a market activity paid
Q9: An external cost is best defined as
Q10: A negative externality exists whenever
A) there are
Q11: An internal cost is best defined as
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