When a negative externality is present
A) the market price is too low.
B) the market price is too high.
C) the market price is at equilibrium.
D) none of these choices.
Correct Answer:
Verified
Q3: When people by insurance they often adopt
Q4: Markets can fail when there is
A)a clear
Q5: Asymmetric information often makes it difficult to
Q6: "Consumed by one, consumed by all." This
Q7: A problem of adverse selection can be
Q9: The use of government to supplant market
Q10: Government rules and regulations can, at times,
A)improve
Q11: When a positive externality is present
A)the market
Q12: Externalities occur when there is a lack
Q13: If there are no externalities present in
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