**Question 15**Which of the following is a reason why private solutions are often ineffective at remedying externalities?- a. All parties want credit, but do not want to do any of the work.- b. The question is deceiving because they are actually quite effective.- c. People are stubborn. The bargaining simply breaks down.- d. Greedy businesspeople would rather pay greedy politicians taxes instead of handling the matter privately.

Private decisions related to the production and consumption can result to inefficient allocations.…

Which of the following is a reason why private solutions are often ineffective at remedying externalities? a. All parties want credit, but do not want to do any of the work. b. The question is decieving because they are actually quite effective. c. People are stubburn. The bargaining simply breaks down. d. Greedy businesspeople would rather pay greedy politicians taxes instead of handling the matter privately.

Which of the following is a reason why private solutions are often ineffective at remedying externalities? a. All parties want credit, but do not want to do any of the work. b. The question is decieving because they are actually quite effective. c. People are stubburn. The bargaining simply breaks down. d. Greedy businesspeople would rather pay greedy politicians taxes instead of handling the matter privately.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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