When the private costs and the social costs are NOT the same, there is a(n)
A) externality.
B) internality.
C) public good.
D) monopoly.
Answer: A
Economics
You might also like to view...
Entry in a perfectly competitive market
A) shifts the market supply curve rightward. B) decreases the market price. C) shifts the market supply curve leftward. D) Both answers A and B are correct.
Economics
Assume a portfolio in which there is equal investment in two assets that are perfectly positively correlated, with equally expected returns of 10 percent and 6 percent for asset A and 8 percent and 4 percent for asset B
The expected yield on this portfolio is A) 8 percent. B) 7 percent. C) 6 percent. D) 5 percent.
Economics