Equilibrium price
What will be an ideal response?
The price that balances quantity supplied and quantity demanded.
Economics
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Private markets fail to reach a socially optimal equilibrium when negative externalities are present because
a. social costs equal private costs at the private market solution. b. private costs exceed social costs at the private market solution. c. social costs exceed private costs at the private market solution. d. they internalize externalities.
Economics
Identify the variables that could cause shifts in both the short-run and long-run aggregate-supply curves
Economics