When a Policy Succeeds in Giving Buyers and Sellers in a Market

question 61

Multiple Choice

When a policy succeeds in giving buyers and sellers in a market an incentive to take into account the external effects of their actions, the policy is said to

• A)equalize private value and private cost.
• B)equalize private cost and external cost.
• C)externalize the actions of the buyers and sellers.
• D)internalize the externality.

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