Which of the Following Statements Is Not Correct

question 137

Multiple Choice

Which of the following statements is not correct?

• A)Private markets tend to over-produce products with negative externalities.
• B)Private markets tend to under-produce products with positive externalities.
• C)Private parties can bargain to efficient outcomes even in the presence of externalities.
• D)Private parties are usually more successful in achieving efficient outcomes than government policies in the presence of externalities.

---

Definitions:

Oncologist

A medical doctor specializing in the diagnosis and treatment of cancer, often involved in chemotherapy, radiation, and other therapies.

Nephrologist

A specialist who studies, diagnoses, and manages diseases of the kidney.

American College of Physicians

A professional organization for internal medicine physicians, dedicated to improving patient care, education, and public health.

American Medical Association

A professional group representing the interests of physicians and healthcare professionals in the United States, advocating for public health and the advancement of the medical profession.