Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 41 (1 point) An externality occurs when: (a) A good or service, like a sports team, is both non-rival and non-excludable. (b) A party

image text in transcribed
Question 41 (1 point) An externality occurs when: (a) A good or service, like a sports team, is both non-rival and non-excludable. (b) A party not directly involved in a transaction receives unintended benefits or bears unintended costs. O c) A sports franchise reaches a level of financial success over and above the city's stated objectives. ( d) The government forces citizens to pay an extra amount to have a good or service

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Vanishing American Corporation Navigating The Hazards Of A New Economy

Authors: Jerry Davis, Gerald F Davis

1st Edition

1626562792, 9781626562790

More Books

Students also viewed these Economics questions

Question

WHAT IS SolarWinds Network Topology Mapper

Answered: 1 week ago

Question

Describe the disciplinary action process.

Answered: 1 week ago