The economic gain that a positive externality provides to others is called
A) An internal benefit
B) An external benefit
C) An external cost
D) An internal cost
Correct Answer:
Verified
Q1: Pigouvian taxation
A) Involves the use of taxes
Q2: Activities that create water pollution are considered
A)
Q4: A negative externality is created if
A) An
Q5: Three hundred paper mills compete in the
Q6: The marginal social cost of production is
A)
Q7: Three hundred paper mills compete in the
Q8: A positive externality is created if
A) An
Q9: An action creates an externality if it
A)
Q10: Limitations of bargaining include
A) Its impracticality
B) Ambiguity
Q11: When a firm ignores external costs
A) It
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