Q49 Market imperfections abound in Canada, brought about by externatilities. If there are external benefits or positive externalities associated with consumption and production of a particular product inCanada, it can be said that the:Multiple Cholcesupply curve for the product lies too far to the right to provide an efficlent allocation of resources.government should consider placing a speclal tax on producers.demand curve understates the total benefit from the product and resources are under-allocated to Its production.government should consider prohibiting the production of the commodity.

Imperfection in a market refers to the situation when there the market is operated at an inefficient…

Market imperfections abound in Canada, brought about by externatilities. If there are external benefits or positive externalities associated with consumption and production of a particular product in Canada, it can be said that the: Multiple Cholce supply curve for the product lies too far to the right to provide an efficient allocation of resources. government should consider placing a special tax on producers. demand curve understates the total benefit from the product and resources are under-allocated to Its production. government should consider prohibiting the production of the commodity.

Market imperfections abound in Canada, brought about by externatilities. If there are external benefits or positive externalities associated with consumption and production of a particular product in Canada, it can be said that the: Multiple Cholce supply curve for the product lies too far to the right to provide an efficient allocation of resources. government should consider placing a special tax on producers. demand curve understates the total benefit from the product and resources are under-allocated to Its production. government should consider prohibiting the production of the commodity.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

Q49

Market imperfections abound in Canada, brought about by externatilities. If there are external benefits or positive externalities associated with consumption and production of a particular product in
Canada, it can be said that the:
Multiple Cholce
supply curve for the product lies too far to the right to provide an efficlent allocation of resources.
government should consider placing a speclal tax on producers.
demand curve understates the total benefit from the product and resources are under-allocated to Its production.
government should consider prohibiting the production of the commodity.

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