Which of the following statements about externalities is correct? a. Education is the standard example used to illustrate a negative externality. b. Externalities caused by the use of the product itself are often a result of competitive pressures to bring the product to market fast. c. Promoting vigorous competition, through the enforcement of the antitrust laws, is the most effective way to reduce externalities. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above is corre
Which of the following statements about externalities is correct? a. Education is the standard example used to illustrate a negative externality. b. Externalities caused by the use of the product itself are often a result of competitive pressures to bring the product to market fast. c. Promoting vigorous competition, through the enforcement of the antitrust laws, is the most effective way to reduce externalities. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above is corre
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section10.1: Externalities And Market Inefficiency
Problem 1QQ
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- Which of the following statements about externalities is correct?
a. Education is the standard example used to illustrate a negative externality.
b. Externalities caused by the use of the product itself are often a result of competitive pressures to bring the product to market fast.
c. Promoting vigorous competition, through the enforcement of the antitrust laws, is the most effective way to reduce externalities.
d. All of the above are correct.
e. Both a and b are correct.
f. Both a and c are correct.
g. Both b and c are correct.
h. None of the above is correct.
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