Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / When an externality is present, the market equilibrium is: a. efficient, and the equilibr...

When an externality is present, the market equilibrium is: a. efficient, and the equilibrium maximizes the total benefit to society as a whole. b. inefficient, and the equilibrium does not maximize

When an externality is present, the market equilibrium is:

a. efficient, and the equilibrium maximizes the total benefit to society as a whole.

b. inefficient, and the equilibrium does not maximize the total benefit to society as a whole.

c. inefficient, but the equilibrium maximizes the total benefit to society as a whole.

d. efficient, but the equilibrium does not maximize the total benefit to society as a whole.

Apr 28 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions