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Figure: Correcting for Market Failure (Figure: Correcting for Market

Question 37

Multiple Choice

Figure: Correcting for Market Failure Figure: Correcting for Market Failure (Figure: Correcting for Market Failure) Assume that there is an external cost involved in the market illustrated in the figure Correcting for Market Failure.When the government intervenes to correct for the external cost, the output will ________ from ________ to _. A) fall; W; R B) increase; W; R C) fall; R; W D) fall; W; 0 Figure: Correcting for Market Failure (Figure: Correcting for Market Failure) Assume that there is an external cost involved in the market illustrated in the figure Correcting for Market Failure.When the government intervenes to correct for the external cost, the output will ________ from ________ to _. A) fall; W; R B) increase; W; R C) fall; R; W D) fall; W; 0 (Figure: Correcting for Market Failure) Assume that there is an external cost involved in the market illustrated in the figure Correcting for Market Failure.When the government intervenes to correct for the external cost, the output will ________ from ________ to _.


A) fall; W; R
B) increase; W; R
C) fall; R; W
D) fall; W; 0

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