Multiple Choice
Private incentives in markets with external benefits lead to _____;private incentives in markets with external costs lead to _____.
A) maximum total economic surplus;deadweight loss
B) deadweight loss;deadweight loss
C) excess total economic surplus;efficiency
D) excess total economic surplus;deadweight loss
E) minimum total economic surplus;efficiency
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The following data show the relationship between
Q3: The socially optimal number of vaccines is
Q4: The three firms below have five choices
Q5: Assume that large firms can reduce pollution
Q6: Ben and Sam are competing for the
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q8: The two firms listed below have five
Q9: Ben and Sam are competing for the
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q11: Paul owns a home on the top