Social demand exceeds market demand whenever:
A) Private costs exist.
B) External costs exist.
C) Private benefits exist.
D) External benefits exist.
Correct Answer:
Verified
Q45: Noise generated by an airport best illustrates:
A)
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
Q51: Whenever external costs exist:
A) Social demand is
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
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