Multiple Choice
There is no market failure if
A) the marginal private cost curve is upward sloping.
B) the demand curve (for a good or service) is downward sloping.
C) the demand curve lies about the marginal private cost curve.
D) marginal private costs are greater than the external costs associated with a negative externality.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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