Question
A market in which individuals outside of the market transaction are bearing some of the costs of production represents a ________ and will result in
A market in which individuals outside of the market transaction are bearing some of the costs of production represents a ________ and will result in ________ than the socially optimal quantity.
negative externality; less
negative externality; more
positive externality; more
positive externality; less
natural monopoly; less
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
