Which of the following occurs when an externality is ...

[PhilipSeeMore]

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

[parker125]

Answer to Question 1

A

Answer to Question 2

C

[PhilipSeeMore]

YES! Correct, THANKS for helping me on my review

[tuate]

Thanks for the timely response, appreciate it