If an external benefit occurs in a perfectly competitive market, firms produced an A efficient amount of output. В amount and quality of output most desired by the market. C amount more than the efficient quantity. amount less than the efficient quantity.

If an external benefit occurs in a perfectly competitive market, firms produced an A efficient amount of output. В amount and quality of output most desired by the market. C amount more than the efficient quantity. amount less than the efficient quantity.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 8SQ

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If an external benefit occurs in a perfectly competitive market, firms produced an
A
efficient amount of output.
В
amount and quality of output most desired by the market.
C
amount more than the efficient quantity.
D
amount less than the efficient quantity.

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