Without successful bargaining, economic efficiency will not be achieved when there is a negative externality because

A) too much of the good will be produced.
B) too little of the good will be produced.
C) economic surplus is being maximized.
D) the externality causes consumer surplus to exceed producer surplus.

A

Economics

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Beth is participating in an open outcry Dutch auction. Bidding starts at $500, and her maximum williness to pay is $400. The total number of bidders participating in the auction is 4

Her optimal bid strategy is to buy when the price reaches ________. A) $320 B) $300 C) $375 D) $125

Economics

Table 4-1

Use this table for the following questions.

Refer to Table 4-1. At $10, what is the surplus? a. 4,500 b. 3,000 c. 1,500 d. 0

Economics