26 Jul CIRCLE SHOW MORE IF THERE IS A MARGINAL EXTERNAL BENEFIT IN A MARKET THEN WHICH OF THE FOLLOWING IS CORRECT?
If there is a marginal external benefit in a market then which of the following is correct? Circle Show more If there is a marginal external benefit in a market then which of the following is correct? Circle or identify all that apply. a. There is too little of a good thing. b. Consumers or produces underestimate the benefit of their activity. c. Government must produce the good in order to have market efficiency. d. A law requiring consumers to buy or consume a minimum quantity of this good or service could be appropriate. e. The good or service should be taxed to generate revenue for government. Show less
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