When something of value has no price attached to it,
A)externalities will be present.
B)production of the product has no cost.
C)government should not intervene to produce the product.
D)private companies will eventually produce the product, and the good will no longer be free.

Question

Quizplus · Accepted Answer

When something of value has no price attached to it, externalities will be present. This means that the true cost or benefit of production or consumption of the product will not be accounted for in the market, leading to negative or positive consequences for society as a whole. Therefore, some form of intervention or regulation may be needed to address these externalities.

When Something of Value Has No Price Attached to It