Government Intervention in a Particular Industry Is Unnecessary If Each

question 76

Multiple Choice

Government intervention in a particular industry is unnecessary if each of the industry's firms is operating where

• A)price is equal to private marginal cost.
• B)the demand curve is perfectly elastic.
• C)there are no positive externalities.
• D)marginal social benefit is equal to marginal social cost.
• E)there are no negative externalities.

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Definitions:

Rule Of Correspondence

A fundamental concept in mathematics that refers to how every element of one set is assigned to one or more elements of a second set, often exemplified in functions.

Ordered Pairs

Pairs of numbers used to represent positions on a graph, with the first number indicating horizontal position and the second number indicating vertical position.

Cubes

A cube is a three-dimensional solid object bounded by six square faces, or in mathematics, the result of multiplying a number by itself twice.

Ordered Pairs

Pairs of numbers used to represent points on a graph, with the first number indicating horizontal position and the second number vertical position.