Question: When there is an externality in a market, Select one: a. the externality will move the market to an economically efficient equilibrium. b. the externality

When there is an externality in a market,

Select one: a. the externality will move the market to an economically efficient equilibrium.

b. the externality will cause the market price to be less than or greater than the equilibrium price.

c. the government should use price controls to enable the market to reach equilibrium.

d. government intervention may increase economic efficiency.

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