If an externality is present in a market, what may enhance economic efficiency?
A) government intervention
B) increased competition
C) better informed market participants
D) more defined property rights
Correct Answer:
Verified
Q123: What term refers to a situation in
Q124: What is an example of an externality?
A)
Q125: Which of the following is NOT a
Q126: What happens if a paper mill creates
Q127: What does the term "market failure" refer
Q129: What are two very likely reasons for
Q130: Which activity will most likely result in
Q131: What can cause market failure?
A) low consumer
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Q133: Which of these consumption activities will most
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