Peter Schran plays no favorites. It's one price for all customers. Under this circumstance, we know that

When both internal and external costs for using a scarce resource are included, then there is

A) an increase in the production of the good. B) a negative externality. C) an increase in the price of the good. D) a positive externality.

All of the following are factors that raise economic development EXCEPT

A. establishing a legal system. B. government control of the country's resources. C. an educated work force. D. reducing trade barriers.