Consider a market in which there is an external benefit. The inefficient market equilibrium is such that
A) too little output is produced.
B) too much output is produced.
C) price is too high.
D) marginal social cost is greater than marginal social benefit.
A
Economics
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A Japanese businessman opened an automobile showroom in Singapore this year. His income will lead to a(n) ________
A) increase in the GDP of Singapore B) decrease in the GDP of Singapore C) increase in the GDP of Japan D) decrease in the GDP of Japan
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The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups. B) ensure that every group gets what it wants. C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers. D) keep their jobs.
Economics