Markets will underproduce goods that yield external benefits and overproduce those that generate external costs.
Answer the following statement true (T) or false (F)
True
The market fails by overproducing goods that have external costs and underproducing goods that have external benefits.
Economics
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If sellers compete against buyers, then
A) sellers would prefer to face more buyers in the market. B) sellers would prefer to face fewer buyers in the market. C) buyers would prefer to face fewer sellers in the market. D) buyers would prefer to face more sellers in the market. E) both B and C are true.
Economics
All secondary trading of municipal bonds occurs
A) through commercial banks. B) in the over-the-counter market. C) through life insurance companies. D) in the New York Municipal Bond Market.
Economics