Multiple Choice
Command and control methods do not always produce the most efficient outcomes because:
A) consumers sometimes are mislead regarding their own preferences.
B) they lack the flexibility to allow buyers and sellers to choose the least costly methods to alter their behavior.
C) it does not always allow suppliers to produce the efficient market quantity.
D) it reduces consumption in all cases.
Correct Answer:

Verified
Correct Answer:
Verified
Q225: Private solutions to externalities are MOST likely
Q226: A Pigouvian subsidy should be set equal
Q227: The social cost is:<br>A) a cost paid
Q228: An efficient equilibrium occurs when:<br>A) private costs
Q229: Markets in which externalities are present are
Q231: Use the following to answer questions:<br>Figure: Softella
Q232: Which is an example of an external
Q233: If a market solution provides greater marginal
Q234: Antibiotic use carries an external _ of
Q235: In a market with external costs, suppose