External benefits cause the market to:
a. underallocate resources. b. be more efficient.
c. set excessively high prices. d. have persistent shortages.
Question 2
Why do negative externalities like pollution result in inefficiency?
a. Because producers artificially restrict their supply.
b. Because producers ignore the external costs they impose on third-parties.
c. Because producers manufacture more goods than people can afford to buy.
d. Because producers will receive an unequal distribution of profits.
External Ear
scanning electron micrograph showing an ovum (pink) released by the ovary at ovulation surrounded by
Benefits of outsourced payroll.
Health Benefits of Marriage
As the world’s population continues to grow, demands on limited resources for food production
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...