5) Externalities can be produced byA) efficient markets; inefficient marketsC) consumers; firms D) none of these answers is correctas well asB) market prices; market incomes 2) Marginal damagesA) must always be considered in social marginal costs.B) must sometimes be considered in social marginal costs.C) must not be considered in social marginal costs.D) have nothing to do with social marginal costs.OIL

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5) Externalities can be produced by A) efficient markets; inefficient markets C) consumers; firms D) none of these answers is correct as well as B) market prices; market incomes

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

5) Externalities can be produced by
A) efficient markets; inefficient markets
C) consumers; firms D) none of these answers is correct
as well as
B) market prices; market incomes

2) Marginal damages
A) must always be considered in social marginal costs.
B) must sometimes be considered in social marginal costs.
C) must not be considered in social marginal costs.
D) have nothing to do with social marginal costs.
OIL

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