If consumption of a good by one person imposes costs on a party other than the producer,
a. the consumption creates a positive externality
b. the good is a public good
c. the consumption creates a negative externality
d. too little of the good is produced from society's point of view
e. the market will correct the problem if left alone
C
Economics
You might also like to view...
Technological progress means that we produce more output with the same amount of inputs
Indicate whether the statement is true or false
Economics
A monopolist produces at the minimum point of the average total cost curve in the long run
a. True b. False Indicate whether the statement is true or false
Economics