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.If the government intervenes to correct for the external cost, there will be a ________ of _______ .
A) net gain; WTUR
B) net cost; TUV
C) net gain; TUV
D) net gain; WTVR
Correct Answer:
Verified
Correct Answer:
Verified
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