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Author Question: Which of the following occurs when an externality is internalized? A) Higher social well-being ... (Read 27 times)

PhilipSeeMore

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on: Jun 29, 2018
Which of the following occurs when an externality is internalized?
 
  A) Higher social well-being
  B) Higher private benefit
  C) Larger deadweight loss
  D) Higher returns to scale

Question 2

The above figure shows the U.S. market for replacement cell phone batteries. Suppose the U.S. government imposes the tariff illustrated in the figure. The tariff is equal to ________ and the price U.S.
 
  consumers pay ________ compared to the price paid when there was free trade. A) 2; decreases
  B) 14; decreases
  C) 2; increases
  D) 12; increases
  E) 14; increases


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parker125

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

A

Answer to Question 2

C


PhilipSeeMore

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

amynguyen1221

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Reply 3 on: Yesterday
Excellent

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