If it's possible to eliminate the problems created by externalities, why do they persist? Multiple Choice None of these statements is true. O Correcting externalities would always reduce total surplus. O It is difficult to measure external benefits and costs.

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Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
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If it's possible to eliminate the problems created by externalities, why do they persist?
Multiple Choice
O
O
None of these statements is true.
Correcting externalities would always reduce total surplus.
It is difficult to measure external benefits and costs.
The benefits of correcting the externalities generally exceed the costs.
Transcribed Image Text:If it's possible to eliminate the problems created by externalities, why do they persist? Multiple Choice O O None of these statements is true. Correcting externalities would always reduce total surplus. It is difficult to measure external benefits and costs. The benefits of correcting the externalities generally exceed the costs.
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