An externality is an economic cost or benefit that is the by-product of economic activity and which is allocated within the market system.
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Q30: A pecuniary externality _.
A)affects the prices facing
Q31: An inframarginal externality is where_.
A)there are spillover
Q32: Anyone can buy marketable pollution rights for
Q33: The level of transactions costs is relevant
Q34: The optimal public policy to correct for
Q36: On efficiency grounds,corrective taxes should not be
Q37: When transactions costs are low,private actions to
Q38: Assume that the government can reduce car
Q39: An inframarginal positive externality _.
A)requires subsidization to
Q40: The difference between the costs (or benefits)created
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