Question: When a negative externality exists in a market for a good, Group of answer choices the price of the product is too high the efficient

When a negative externality exists in a market for a good,

Group of answer choices

the price of the product is too high

the efficient amount of the good is produced

too little of the good is produced

too much of the good is produced

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

1A negative externality is incorporated into the supply-and-demand model as Group of answer choices a downward shift of the supply curve. a downward shift of the demand curve. an upward shift of the...

Q:

Please help, ______________________ describes a situation where a third party, outside the transaction, suffers from a market transaction by others. Group of answer choices Negative externality...

Q:

Question 1 Chicken Grill House and Bashews cool drinks are businesses in Bellville, Cape Town. They entered into an agreement for Braai House to include in their menu a grilled chicken with rolls and...

Q:

When we say firms are price takers in competitive market we mean that Group of answer choices marginal costs of production are increasing for firms. marginal revenue for firms is declining. the...

Q:

QUESTION 34 The table below shows the quantity demanded and supplied in the labor market for economics professors at the I'MaStateUniversity, where all the professors belong to a union. Annual Salary...

Q:

Flag question: Question 17 Question 177.35pts Which is not true of a public good? Group of answer choices Excluding people from consuming it is not generally desirable. Public provision will assure...

Q:

28. Which of the following is not a market anomaly? Group of answer choices Stocks with high P/E ratios tend to underperform low P/E ratio stocks after adjusting for risk. Small firm stock returns...

Q:

Question 1 All else being equal, which of the following is likely to lead to less intense "rivalry" in an industry? Group of answer choices Many competitors High exit barriers High degree of product...

Q:

1.A) A local hiking trail that does not have an entrance gate and is usually not crowded is an example of what type of good? Group of answer choices private good public good club good monopolistic...

Q:

Question 1 2 pts (Note: type all answers in the space below ) Payment of money damages is known as a......... remedy as compared with an order of specific performance, an example of an................

Q:

Goodfish Lake Sewing and Garment Company services and supplies garments for Syncrude and Suncorp in Northern Alberta. The person preparing the adjusting entries at year-end was unable to complete the...

Q:

A power company in Missouri can buy coal for its generating plants from western mines in Utah or from eastern mines in Pennsylvania. The maximum purchase price for coal of $20 per ton at the Missouri...

Q:

On September 1 , 1 9 3 9 , after the signing of the Nazi Soviet pact, Germany invaded Poland. What was the short - term repercussion in Europe?

Q:

3. What are the most important factors that impacts short-term capacity and long- term capacity of an organization

Q:

14. Now reconcile what you answered to problem 15 with problem 13.

Q:

11. In what environment or contexts is it the value you want others to associate you with that the value can best be expressed in? Do you seek out these contexts to learn?

Q:

2. In this chapter, the reader should reflect on the following concepts: action strategies, values and criteria.