Question 39 1 pts 39. This question tests your understanding of externalities. Economic analysis suggests that we can intemalize externalities by (choose one or more) C] D recognizing and enforcing rules regarding the use of common property resources C] C promoting the emergence of markets C] A allowing mergers between rms C] B making ownership rights explicit Question 40 1 pts 40. Here are four statements about private, external. and social costs. | Social cost must exceed private cost. H Social cost must exceed external cost. I\" Private cost can never exceed social cost. IV External cost can never exceed social cost. Choose the correct option from the list below. A Only:r | and II are true. B Only "I and lVare true. C All four are true. 0 C o B 0A Question 41 1 pts 41. Here are three statements, each of which may be true or false. Choose the correct statement(s). (Choose one or more.) A Economists distinguish between pecuniary and non-pecuniary externalities. B An externality could be both pecuniary and non-pecuniary. C An event could cause both a negative externality for one group of people and a positive externality for another group. OB O A OC