Multiple Choice
If a good has an external benefit, efficiency can be achieved by
A) leaving the market unregulated.
B) monopolising the market.
C) imposing a tax on the good equal to the external benefit.
D) offering a private subsidy on the good equal to the external benefit.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: A public good is _ and _.<br>A)
Q6: The marginal private benefit of education is<br>A)
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -From the figure
Q8: For a good to be nonrival, then<br>A)
Q9: When the marginal social benefit of Good
Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q12: A good or service or a resource
Q13: A free- rider problem exists if<br>A) a
Q14: A government subsidy for a good<br>A) has
Q15: If the consumption of a good decreases