A free market void of externalities ______ social surplus.
A) maximizes
B) does not maximize
C) sometimes maximizes
D) precludes
Correct Answer:
Verified
Q35: When external costs are present in a
Q36: Externalities are:
A) always good.
B) always bad.
C) sometimes
Q37: An efficient equilibrium occurs whenever:
A) social surplus
Q38: Social surplus is consumer surplus:
A) minus producer
Q39: If a steel manufacturer does NOT bear
Q41: If a tin of sardines creates a
Q42: In the presence of external costs, the
Q43: Use the following to answer questions:
Figure: Market
Q44: If a tin of sardines creates a
Q45: If a market solution generates marginal social
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