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Author Question: When there is an externality in a market A) government intervention may increase economic ... (Read 38 times)

fbq8i

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on: Jun 29, 2018
When there is an externality in a market
 
  A) government intervention may increase economic efficiency.
  B) the government should use price controls to enable the market to reach equilibrium.
  C) the externality will move the market to an economically efficient equilibrium.
  D) the externality will cause the market price to be less than or greater than the equilibrium price.

Question 2

All economic questions arise from the fact that resources are scarce.
 
  Indicate whether the statement is true or false
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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macagn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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