Question
When private costs equal social costs: Multiple Choice no externality of any kind is present in the market. the external cost must be small relative
When private costs equal social costs:
Multiple Choice
no externality of any kind is present in the market.
the external cost must be small relative to the private cost in the market.
negative production externalities are not present in the market.
positive consumption externalities are present in the market.
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
