Multiple Choice
An externality
A) is always either a negative or positive externality.
B) could be either a negative or positive externality.
C) can be a negative externality for one group of people and a positive externality for another.
D) creates market failures only when they are negative.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Suppose two neighbors share a park.One neighbor,Al,leaves
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure
Q57: Regulation might NOT increase total surplus because<br>A)the
Q59: An exclusive deal is<br>A)always illegal.<br>B)welfare reducing.<br>C)one where
Q66: Cartels persist despite laws against them because<br>A)international
Q71: To alleviate the commons problem,the government can<br>A)
Q80: Markets tend to produce too little of
Q92: If a production process creates pollution,a competitive
Q108: Mergers are closely scrutinized by the government
Q111: The total demand for a public good