When There Are Externalities, Economic Efficiency Can Be Achieved Without

question 128

Multiple Choice

When there are externalities, economic efficiency can be achieved without government intervention:

• A) at no time.
• B) when the externality affects many people and property rights are not well defined.
• C) when the externality affects many people and property rights are well defined.
• D) when the externality affects only a few parties and property rights are not well defined.
• E) when the externality affects only a few parties and property rights are well defined.

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