When a Positive Externality Exists,_______________________ and Thus _______________ Intervention May
When a positive externality exists,_______________________ and thus _______________ intervention may be needed to achieve efficiency.
A) external costs are necessarily greater than private costs; government
B) social costs equal private costs; no government
C) social costs are less than private costs; government
D) social costs are greater than private costs; government
E) none of the above
Correct Answer:
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Q1: Most economists believe that the market _
Q2: Suppose that for Jim the marginal benefit
Q3: In the case of nonexcludable goods,economists contend
Q4: Which of the following statements is false?
A)
Q6: A positive externality exists and government wants
Q7: Which of the following statements is false?
A)
Q8: In the case of a negative externality,in
Q9: In the case of a negative externality,the
Q10: Which of the following statements is false?
A)
Q11: When a good is nonexcludable,then individuals
A) will
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