3. Externalities refer to a. the unintended costs or benefits imposed on third parties, resulting from market

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3. Externalities refer to

a. the unintended costs or benefits imposed on third parties, resulting from market activity that ignores its effect on these third parties.

b. market activity of third parties, creating costs and benefits that distort market outcomes.

c. third-party outcomes that enhance the value of the goods produced on the market as well as their costs.

d. the unintended effects of government regulation on the efficiency of production.

e. the unintended effects of government regulation on price.

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Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

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Question Posted: Nov 08, 2024 02:01 AM

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3. Externalities refer to a. the unintended costs or benefits imposed on third parties, resulting from market

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Principles Of Microeconomics

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