Dumping raw sewage into Boston Harbor is an example of
a. a negative externality
b. a positive externality
c. a private cost
d. a sunk cost
e. an inverse cost
A
Economics
You might also like to view...
Refer to Scenario 2.1. If P = $25, which of the following is true?
A) There is a surplus equal to 30. B) There is a shortage equal to 30. C) There is a shortage, but it is impossible to determine how large. D) There is a surplus, but it is impossible to determine how large.
Economics
If a perfectly competitive firm were to raise its price above the market price, it would
A. sell slightly less than at the market price. B. sell significantly less than at the market price. C. sell slightly more than at the market price. D. sell nothing.
Economics