When the government intervenes in markets with bystanders, why does it do so?
a) to protect the interests of bystanders
b) to make certain all benefits are received by market participants
c) to better coordinate the actions of buyers and sellers
d) to increase production when negative externalities are present
Ans: a) to protect the interests of bystanders
You might also like to view...
The sale of government securities by the Fed will cause
a. a decrease in both the monetary base and the money supply. b. an increase in both the monetary base and the money supply. c. an increase in the monetary base but no change in the money supply. d. a decrease in the monetary base but no change in the money supply.
Which of the following are examples of product/service differentiation?
a. 24 hour dry cleaning service b. Michael Jordan endorses Nike c. Amazon's Prime Shipping d. All of the above are examples of product or service differentiation.