Author Question: If a good gives rise to substantial external benefits to society that are associated with its ... (Read 26 times)

lidoalex · **on:** Jun 30, 2018

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