Multiple Choice
If the market price of a good does NOT include all of the costs and benefits that arise from the production or consumption of the good, then
A) the market is perfectly competitive.
B) an externality is present.
C) society is consuming and producing the optimal amount of the good.
D) resources are properly allocated.
Correct Answer:
Verified
Correct Answer:
Verified
Q233: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q234: From an economic standpoint, the amount of
Q235: Many ecologists argue that several species of
Q236: The Emission Trading Scheme of the European
Q237: If all firms had to bear all
Q239: An example of a situation in which
Q240: Internal costs are<br>A) costs borne solely by
Q241: All of following are commonly considered to
Q242: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q243: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The above table