Whenever external costs exist:
A) Social demand is less than market demand.
B) Market demand is less than social demand.
C) Market demand and social demand are equal.
D) Market demand understates the social benefits.
Correct Answer:
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Q46: If a good generates an external cost,the
Q47: If external benefits occur when a good
Q48: Whenever external benefits exist:
A) Market demand will
Q49: Other things being equal,if a perfectly competitive
Q50: Social demand exceeds market demand whenever:
A) Private
Q52: External costs arise when:
A) Private costs are
Q53: External costs are partly caused by:
A) the
Q54: Whenever net external benefits exist then:
A) economic
Q55: Social costs are:
A) The full resource costs
Q56: Social costs:
A) Are less than private costs.
B)
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