Multiple Choice
Total surplus in the presence of an externality that has not been internalized:
A) is greater than total surplus when the externality is internalized.
B) is less than total surplus when the externality is internalized.
C) is the same as total surplus when the externality is internalized.
D) is zero,since it has not been internalized.
Correct Answer:
Verified
Correct Answer:
Verified
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