Question: Which multiple choice option below is correct? the fact that c & b aren't combined is throwing me off... The similarity between markets for common
Which multiple choice option below is correct? the fact that c & b aren't combined is throwing me off...
The similarity between markets for common resources and markets with externalities is that:
a) government involvement is needed to reach an efficient outcome generally we get an oversupply at market
b) the true costs and benefits of consumption
c) the price that competitive firms charge does not capture
d) the equilibrium quantity is too high in terms of society
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