Multiple Choice
An external cost is
A) The cost of a warehouse
B) A cost of production in some other market
C) The economic harm that a positive externality imposes on others
D) The economic harm that a negative externality imposes on others
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Four stores have a problem with theft
Q15: Three hundred paper mills compete in the
Q16: If voters have single-peaked preferences<br>A) A majority
Q17: Pigouvian subsidization<br>A) Involves the use of taxes
Q18: A beautiful garden that increases the value
Q20: A common property resource is<br>A) A resource
Q21: Limitations of bargaining include<br>A) Its impracticality<br>B) Ambiguity
Q22: Common property resources include<br>A) Movies<br>B) Fast food<br>C)
Q23: The Coase Theorem states that<br>A) If bargaining
Q24: A good is nonrival if<br>A) There is