If the consumption of a good yields external benefits,then
A) The social demand is greater than the market demand.
B) The social demand is equal to the market demand.
C) The social demand is less than the market demand.
D) There is neither social demand nor market demand for the gooD.Social demand is equal to market demand plus externalities if external benefits exist.
Correct Answer:
Verified
Q44: Antitrust activity addresses
A)Market power.
B)Inequity.
C)Macro instability.
D)Public goods.
Q45: Which of the following produces external benefits?
A)
Q50: The market will overproduce goods that have
Q51: An externality affecting demand can be measured
Q52: Social demand is equal to
A)Market demand plus
Q55: Government intervention to alter market structure or
Q56: The development of market power by a
Q57: A natural monopoly is
A)An industry that is
Q59: An externality affecting supply can be measured
Q59: When external costs result from the production
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