If society allows firms to freely pollute the environment, then which of the following is true?
a. The efficient output level can be achieved by giving firms a subsidy for the pollution they generate.
b. Market equilibrium output will be too high relative to the efficient output level.
c. Market equilibrium output will be too low relative to the efficient output level.
d. Market equilibrium output will be equivalent to the efficient output level.
b
Economics
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Which of the following countries had an economic growth rate equal to zero between 1960 and 2004?
A) South Africa B) Philippines C) South Korea D) Kenya
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A perfectly elastic demand curve is represented by a vertical line
a. True b. False Indicate whether the statement is true or false
Economics