An externality Select one: a. all answers are correct b. arises when property rights don’t exist or can’t be enforced. c. is a benefit or cost to parties who are not involved in a transaction
An externality Select one: a. all answers are correct b. arises when property rights don’t exist or can’t be enforced. c. is a benefit or cost to parties who are not involved in a transaction
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section10.2: Public Policies Toward Externalities
Problem 2QQ
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An externality
Select one:
a. all answers are correct
b. arises when property rights don’t exist or can’t be enforced.
c. is a benefit or cost to parties who are not involved in a transaction.
d. can be positive or negative.
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