Externalities
A) can be either benefits or costs.
B) always create extra social costs.
C) always make society better off.
D) cannot be expressed in dollar amounts.
E) are always part of private costs or private benefits.
Correct Answer:
Verified
Q9: Marginal private cost
A) is always zero if
Q10: When studying pollution and the environment,economists
A) have
Q11: An example of someone bearing the burden
Q12: The production of electricity creates pollution.When deciding
Q13: To ensure all students are protected from
Q15: Harry,the owner of a beauty salon,hires a
Q16: A example of a good with external
Q17: Evidence of external costs in the production
Q18: The cost of producing an additional unit
Q19: For a product with an external cost,the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents