The term externalities refers to:
A) The inequitable distribution of output.
B) All costs and benefits of a market activity borne by a third party.
C) The impact that imported goods have on domestic markets.
D) Free-riders who benefit but do not pay.
Correct Answer:
Verified
Q21: An individual firm will not normally have
Q22: The free-rider problem arises because those who:
A)
Q23: The communal nature of a highway means
Q24: The problem with public goods is that
Q25: When public goods are marketed like private
Q27: Externalities are a type of market failure
Q28: The free-rider dilemma is associated with:
A) Private
Q29: A public good is:
A) Any good produced
Q30: Which of the following is most likely
Q31: The market produces too few public goods
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