Governments May Successfully Intervene in Competitive Markets in Order to Achieve

question 147

Multiple Choice

Governments may successfully intervene in competitive markets in order to achieve economic efficiency:

• A) at no time; competitive markets are always efficient without government intervention.
• B) to increase the incidence of positive externalities.
• C) in cases of positive externalities only.
• D) in cases of negative externalities only.
• E) in cases of both positive and negative externalities.

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Definitions:

Mononitration

The chemical process of introducing one nitro group (-NO2) to a molecule, commonly used in the synthesis of explosives and various organic compounds.

Major Organic Product

The main product produced in the greatest amount when organic compounds undergo a chemical reaction.

Major Organic Product

The primary product formed in greater yield during an organic chemical reaction.

Mononitration Product

A compound resulting from the nitration reaction where only one nitro group is added to a molecule.