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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assume the market is in equilibrium and there's no government intervention. Match these
statements.
With negative externalities in consumption
[ Choose ] [#]
With negative externalities in production
[ Choose ] [#]
With positive externalities in consumption
[ Choose ] [#]
With positive externalities in production
[ Choose ] [#]
In the absence of externalities
V[Choose ][送揮]
the equilibrium quantity is equal to the efficient outcome
the equilibrium quantity is larger than the efficient outcome
the equilibrium quantity is smaller than the efficient outcome
>
Transcribed Image Text:Assume the market is in equilibrium and there's no government intervention. Match these statements. With negative externalities in consumption [ Choose ] [#] With negative externalities in production [ Choose ] [#] With positive externalities in consumption [ Choose ] [#] With positive externalities in production [ Choose ] [#] In the absence of externalities V[Choose ][送揮] the equilibrium quantity is equal to the efficient outcome the equilibrium quantity is larger than the efficient outcome the equilibrium quantity is smaller than the efficient outcome >
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