Who are the only ones not affected when a Pigouvian subsidy is implemented for a positive externality in a market?
A. Consumers
B. Those affected by the externality
C. Producers
D. All of these groups are affected when it becomes internalized.
Answer: D
Economics
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What is always TRUE about the short-run equilibrium position for a firm in perfect competition?
A) MR = MC = P = ATC = AR B) TR = TC C) MR = MC = P = AR D) MC = ATC
Economics
When four Infineon Technologies executives participated in an international conspiracy to fix prices for computer memory chips, they were acting with other firms as:
A. a cartel. B. if they faced kinked demand curve. C. an industry with monopolistic competition. D. if they were in a contestable market.
Economics