Multiple Choice
What is social cost
A) a measure of the cost of a negative externality
B) a measure of the loss in profit to the seller as the result of a negative externality
C) a measure of the cost reduction when the negative externality is eliminated
D) a measure of the cost incurred by the government from market intervention
Correct Answer:
Verified
Correct Answer:
Verified
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Q9: The government can internalize an externality by
Q10: When does the Coase theorem suggest that
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Q12: What does the term market failure refer
Q14: What does technology spillover refer to<br>A)the government's
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Q16: According to the Coase theorem,when will private
Q17: What is a patent used for<br>A)to disseminate
Q94: Firms that can reduce pollution easily would