Question
18. In the case of negative externalities a. too much of a good or service is produced than what is socially desirable. b. too little
18. In the case of negative externalities
a.
too much of a good or service is produced than what is socially desirable.
b.
too little of a good or service is produced than what is socially desirable.
c.
the firm must shut down its production in the short-run.
d.
the firm must exit from the industry in the long-run.
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
