When externalities are present,
A) suppliers will refuse to produce desired goods and services.
B) this indicates that property rights are well-defined and enforced.
C) competitive market outcomes may be inconsistent with ideal economic efficiency.
D) competitive markets will generally achieve ideal economic efficiency.
Correct Answer:
Verified
Q77: Use the figure below to answer the
Q78: Figure 5-4 Q79: Figure 5-1 Q80: When market failure is present, Q81: When there is reason to think that Q83: "Government failure" is present when Q84: Government failure is present when Q85: Markets fail to allocate resources efficiently when Q86: Economic analysis indicates that Q87: "Government failure" exists when political decision-makers choose
A) democratic political
A) constitutional restrictions
A) the government
A)
A) there is government
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