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Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant.

Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant. < Prev 21 of 32 Nxt >
Transcribed Image Text:Market imperfections abound in Canada, brought about by externatilities. If a good that generates negative externalities was priced to take into account these negative externalities, then its: Multiple Choice output would increase but its price would remain constant. price and output would remain constant. price would decrease and its output would increase. price would increase and its output would decrease. price would increase but its output would remain constant. < Prev 21 of 32 Nxt >
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