Answered step by step
Verified Expert Solution
Question
1 Approved Answer
External benefits and costs are important primarily because: They ten to inhibit technological progress They contribute to stability of total output and the price level
External benefits and costs are important primarily because: They ten to inhibit technological progress They contribute to stability of total output and the price level Their presence diminishes the efficiency with which competitive markets allocate resources They strengthen the rationing function of competitive markets
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started