simranstory8388 simranstory8388

27-11-2019
Social Studies

contestada

What are external costs? When external costs are present, will market allocation result in too much or too little output of the good relative to the ideal efficiency level? Explain.

Respuesta :

albertoaleman albertoaleman

27-11-2019

Answer:

When a cost is imposed on a party that is not part of a transaction, then we deal with an external cost or negative externality. That party can´t control whether the transaction takes place or not. External costs of activities can lead to market failure if they exceed their benefits, and there will be no market failure if the external costs don’t exceed the benefits.

Explanation:

Answer Link

Otras preguntas

in its simplest form ,15/23 / 6/7=

John is a quarterback. This year, he completed 350 passes, which is 70%, percent of all the passes he's attempted this year. How many passes has John attempted

what is a benefit of using nonrenewable resources?

Write an equation in point-slope form of the line having the given slope that contains the given point. m=4m=4, (2,5)

which part of the brain is represented by the highlighted area shown below? cerebrum cerebellum medulla oblongata pons

When was gogle created

michael rented a truck for one day. there was a base fee of $20.95 , and there was an additional charge of 93 cents for each mile driven. michael had to pay $20

ginny is studying a population of frogs. she determines that the population is decreasing at an average rate of 3% per year. when she began her study, the frog

Which statement is correct about a line and a point? A line and a point can be collinear. A point has no location, and a line has many points located on it.

a number raised to a negative exponent is negative. always never sometimes

ACCESS MORE EDU ACCESS