The externality associated with technology spillovers
a. cannot be internalized by government.
b. is a negative externality.
c. can be internalized, potentially, through taxation of firms that are responsible for technology spillovers.
d. can be internalized, potentially, through patent protection.
d
Economics
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If consumers buy a large number of plug-in electric cars, the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________
A) rise; decrease B) not change; increase C) fall; increase D) fall; decrease E) rise; increase
Economics
Deadweight loss can be the result of
A) overproduction, but not underproduction. B) underproduction, but not overproduction. C) both overproduction and underproduction. D) neither overproduction, nor underproduction.
Economics