Which of the following statements about externalities is correct? a. Education is the standard example used to illustrate a negative externality. b. Externalities caused by the use of the product itself are often a result of competitive pressures to bring the product to market fast. c. Promoting vigorous competition, through the enforcement of the antitrust laws, is the most effective way to reduce externalities. d. All of the above are correct. e. Both a and b are correct. f. Both a and c are correct. g. Both b and c are correct. h. None of the above is corre

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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  1. Which of the following statements about externalities is correct?
a. Education is the standard example used to illustrate a negative externality.
b. Externalities caused by the use of the product itself are often a result of competitive pressures to bring the product to market fast.
c. Promoting vigorous competition, through the enforcement of the antitrust laws, is the most effective way to reduce externalities.
d. All of the above are correct.
e. Both a and b are correct.
f. Both a and c are correct.
g. Both b and c are correct.
h. None of the above is correct.
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