Which of the following best defines the situation where the city council fines people who park too long in one spot?
A) social cost
B) opportunity cost of technology
C) internalisation of an externality
D) regulation
Correct Answer:
Verified
Q100: Graph 10-3 Q101: When private solutions fail to arise, an Q102: Irrespective of whether an externality is positive Q103: If sparks from trains sets adjacent farmland Q104: A positive consumption externality occurs when: Q106: If the consumption of bananas is at Q107: Private markets fail to reach a socially Q108: Which of the following could be associated Q109: The problems of externalities are often solved Q110: Encouraging firms to increase production via a
A)Jack eats
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