Which of the following provides an example of an externality?
a. The air pollution generated when you drive your car
b. The view that passersby and neighbors enjoy when observing your rose garden.
c. The free concerts neighbors hear when an accomplished musician practices at home.
d. All of the above.
d
Economics
You might also like to view...
What are institutions?
What will be an ideal response?
Economics
If the market for products produced by firms in a monopolistically competitive industry becomes ________, then there will be ________ firms and each firm will produce ________ output and charge a ________ price
A) smaller; fewer; less; higher B) smaller; more; less; higher C) smaller; more; less; lower D) smaller; fewer; less; lower E) smaller; fewer; more; higher
Economics