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Loraine Loraine
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8 years ago
Which of the following is true?
i.   In an unregulated market with an external benefit, consumers don't take it into account and consume less than the efficient quantity.
ii.   Marginal social cost equals marginal private cost minus marginal external cost.
iii.   An unregulated market produces more than the efficient quantity of a good with an external cost.
A) Only i
B) Only ii
C) Only iii
D) i and ii
E) i and iii
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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8 years ago
Glad to help you, and good luck with your course.
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