If there are no externalities present in a market
A) the market price is too low.
B) the market price is too high.
C) the market price is in equilibrium.
D) none of these choices are true.
Correct Answer:
Verified
Q8: When a negative externality is present
A)the market
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
Q14: A negative externality occurs when
A)there is rent-seeking.
B)benefits
Q15: If the market is unable to allocate
Q16: Public goods
A)are products supplied by the government.
B)are
Q17: Chickens are not endangered because
A)there are clear
Q18: In the consumption of public goods
A)consumers can
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