When negative externalities are present in a market Group of answer choices private costs will be greater than social costs. social costs will be greater than private costs. only government regulation will solve the problem. the market will not be able to reach any equilibrium.

When negative externalities are present in a market Group of answer choices private costs will be greater than social costs. social costs will be greater than private costs. only government regulation will solve the problem. the market will not be able to reach any equilibrium.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 2SQ

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Question 2

When negative externalities are present in a market

Group of answer choices

private costs will be greater than social costs.

social costs will be greater than private costs.

only government regulation will solve the problem.

the market will not be able to reach any equilibrium.

Definition Definition Total cost incurred by the producers of goods and services as well as anyone who is impacted by the production of the commodity in terms of external cost.

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