Question
When there is an externality in a market a.the externality will move the market to an economically efficient equilibrium. b.the externality will cause the market
When there is an externality in a market
a.the externality will move the market to an economically efficient equilibrium.
b.the externality will cause the market price to be less than or greater than the equilibrium price.
c.government intervention may increase economic efficiency.
d. the government should use price controls to enable the market to reach equilibrium.
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Microeconomics
Authors: Paul Krugman, Robin Wells
3rd edition
978-1429283427, 1429283424, 978-1464104213, 1464104212, 978-1429283434
