When a Negative Externality Exists,_______________________ and Thus _______________ Intervention May

question 51

Multiple Choice

When a negative externality exists,_______________________ and thus _______________ intervention may be needed to achieve efficiency.

• A) external costs are necessarily greater than private costs; government
• B) social costs equal private costs; no government
• C) social costs are less than private costs; government
• D) social costs are greater than private costs; government
• E) none of the above

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