Multiple Choice
An external benefit in a market will cause the market to produce:
A) more than the same market would produce in the presence of a negative externality.
B) more than is socially desirable.
C) less than is socially desirable.
D) the socially optimal equilibrium amount.
Correct Answer:

Verified
Correct Answer:
Verified
Q244: If a tin of sardines creates a
Q245: Government subsidies for goods that generate external
Q246: Use the following to answer questions:<br>Figure: Softella
Q247: Markets are often inefficient when external costs
Q248: Use the following to answer questions:<br>Figure: Market
Q250: Use the following to answer questions:<br>Figure: External
Q251: In the case of an external benefit,
Q252: Briefly list some private and public solutions
Q253: Command and control may be the best
Q254: If the government were to limit the