Multiple Choice
Use the following to answer question(s) : Correcting for Market Failure: External Cost
-(Exhibit: Correcting for Market Failure: External Cost) Assume that there is an external cost involved as illustrated in the Exhibit.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
Correct Answer:
Verified
Correct Answer:
Verified
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