If production of a good creates beneficial externalities, a perfectly competitive market will produce
a. less output than would maximize profit.
b. more output than would maximize profit.
c. less output than is socially efficient.
d. more output than is socially efficient.
c
Economics
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Fair trade products consist of goods:
A) that are usually imported from the developing nations. B) the production of which involves child labor. C) that are available in all countries across the globe. D) that are exported only by the developed nations.
Economics
A reduction in the reserve deposit ratio, ?, will most likely have which of the following effects?
A) a rightward shift in the IS curve B) a leftward shift in the IS curve C) an upward shift in the LM curve D) a downward shift in the LM curve
Economics