If a good gives rise to substantial external benefits to society ...

[lidoalex]

If a good gives rise to substantial external benefits to society that are associated with its production and/or consumption, then the good likely has too many resources devoted to its production.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Examples of market failure include lack of competition, externalities, public goods, and income inequality.
 a. True
  b. False
  Indicate whether the statement is true or false

[kaylee05]

Answer to Question 1

False

Answer to Question 2

True

[lidoalex]

Excellent

[Jossy]

Gracias!