In an ideal free unregulated market
a. supply curves reflect all negative externalities.
b. external benefits are abundant.
c. all individual and social needs are met by the market.
d. optimal quantities of all goods and services are produced.
d
Economics
You might also like to view...
Four reasons for firms to hold inventories are given in the text. For each reason, indicate briefly whether and how it helps to explain the high volatility of inventory investment
What will be an ideal response?
Economics
Fred has always been known as "the rich kid." Strictly speaking, this must mean that ________
A) Fred has a lot of cash B) Fred's income is quite high C) Fred won the lottery before he was legally eligible D) Fred has a flashy wardrobe E) Fred has a lot of wealth
Economics